Published: 2025-07-21T02:22:18.000Z
Chart USD/KRW Update: Consolidating test of 1395.00/1400.00 resistance
Technical Analyst
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Settled back from test of strong resistance at the 1395.00/1400.00, June/April 2024 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1380.00 | * | 7 Jul high | |
| R3 | 1412.00 | ** | Apr low | S2 | 1370.00 | * | 3 Jul high | |
| R2 | 1400.00 | * | Apr 2024 high, 38.2% | S3 | 1365.00 | * | 5 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1360.00 | * | 26 May low |
Asterisk denotes strength of level
02:20 GMT - Settled back from test of strong resistance at the 1395.00/1400.00, June/April 2024 highs. Reaction here see prices consolidating strong gains from the 1348.00, June low. A later break will see room for extension to strong resistance at 1412.00, April low. Meanwhile, support is raised to 1380.00 congestion which should underpin. Would take break here to fade the upside pressure return focus to the downside to the 1370.00 level and the strong support at 1365.00/1360.00 area.