Published: 2025-10-10T02:59:17.000Z
Chart USD/KRW Update: Settling back from the 1428.00 resistance
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Settling back from test of strong resistance at the 1428.00 congestion as prices unwind the overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1446.00 | * | 28 Apr high | S1 | 1412.00 | * | Apr low | |
| R3 | 1440.00 | * | congestion | S2 | 1400.00 | ** | congestion | |
| R2 | 1434.00 | * | 61.8% Apr/Jun fall | S3 | 1390.00 | * | 22 Sep low, congestion | |
| R1 | 1428.00 | ** | 13 May high, congestion | S4 | 1380.00 | congestion |
Asterisk denotes strength of level
02:55 GMT - Settling back from test of strong resistance at the 1428.00 congestion as prices unwind the overbought daily studies and consolidate strong gains from the 1372.00, September low. However, weekly studies are still tracking higher and further gains cannot be ruledout. Above the 1428.00 high will see room for extension to 1434.00, 61.8% Fibonacci level, and 1440.00 congestion. Meanwhile, support at the 1412.00/1410.00 congestion should underpin. Failure here will ease the upside pressure and open up room for pullback to the 1400.00 congestion.