Published: 2025-08-14T02:32:55.000Z
Chart USD/KRW Update: Limited below 1380.00 support, room for lower later
Technical Analyst
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Limited on break of support at the 1380.00 congestion as prices unwind the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1365.00 | ** | 24 Jul low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1360.00 | * | 26 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:30 GMT - Limited on break of support at the 1380.00 congestion as prices unwind the oversold intraday studies. However, this is expected to give way to fresh selling pressure later to extend rejection from the pin bar high at 1406.00. Break will see room for deeper pullback to retrace the June/August gains to strong support at the 1365.00/1360.00 area. Lower still, will return focus to the 1350.00/1348.00 lows. Meanwhile, resistance at the 1390.00/1395.00 area is expected to cap and sustain losses from the 1406.00 high.