Published: 2025-09-02T02:23:41.000Z
Chart USD/KRW Update: Extend choppy trade within 1400.00/1380.00 area
Technical Analyst
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Higher in consolidation as prices extend bounce above the 1380.00 support to retest the 1395.00/1400.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1375.00 | ** | 13 Aug low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1370.00 | * | congestion | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1365.00 | ** | 5 May low |
Asterisk denotes strength of level
02:20 GMT - Higher in consolidation as prices extend bounce above the 1380.00 support to retest resistance at the 1395.00/1400.00. The latter is expected to cap corrective bounce from the June low. Choppy trade is expected to give way to selling pressure later and break of the 1380.00/1375.00 support will open up room for deeper pullback to retrace the June/August rally. Lower will see room to support at the 1370.00 congestion then the 1365.00/1360.00 area.