Published: 2025-08-22T02:35:28.000Z
Chart USD/KRW Update: Extending gains
Technical Analyst
-
Extending gains from the 1375.00 low of last week to retest the 1395.00/1400.00 resistance
| 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
02:30 GMT - Extending gains from the 1375.00 low of last week to retest the 1395.00/1400.00 resistance. Consolidation here see prices unwinding overbought intraday studies but this is expected to give way to renewed buying interest later. Clearance will expose the 1406.00 high to retest and extend the June gains. However, corrective gains are expected to give way to renewed selling pressure later with support starting at the 1390.00 level which should underpin and sustain gains from the 1380.00/1375.00 area.