Published: 2025-08-21T02:19:15.000Z
Chart USD/KRW Update: Consolidating test of 1400.00
Technical Analyst
-
Break above the 1390.00 level has seen gains to reach strong resistance at the 1395.00/1400.00, June/April 2024 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1390.00 | * | congestion | |
| R3 | 1412.00 | ** | Apr low | S2 | 1380.00 | * | congestion | |
| R2 | 1406.00 | ** | 1 Aug high | S3 | 1375.00 | ** | 13 Aug low | |
| R1 | 1400.00 | * | Apr 2024 high | S4 | 1370.00 | * | congestion |
Asterisk denotes strength of level
02:15 GMT - Break above the 1390.00 level has seen gains to reach strong resistance at the 1395.00/1400.00, June/April 2024 highs. Consolidation here see prices unwinding overbought intraday studies but a later break cannot be ruled out to further retrace the April/June losses. Clearance will expose the 1406.00 high to retest. However, corrective gains are expected to give way to renewed selling pressure later. Maenwhile, support starts at the 1390.00 level which should underpin and sustain gains from the 1380.00/1375.00 area.