Published: 2025-11-12T02:24:40.000Z
Chart USD/KRW Update: Room to extend gains
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Consolidation above support at 1460.00 has given way to bounce to retest the 1467.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 2024 year, 9 Apr YTD highs | S1 | 1460.00 | * | congestion | |
| R3 | 1480.00 | congestion | S2 | 1446.00 | * | congestion | ||
| R2 | 1477.00 | Mar high | S3 | 1440.00 | ** | congestion | ||
| R1 | 1470.00 | * | congestion | S4 | 1425.00 | * | Feb low, congestion |
Asterisk denotes strength of level
02:20 GMT - Consolidation above support at 1460.00 has given way to bounce to retest the 1467.00 high. Break here will further extend the bullish momentum and see room for extension to 1470.00 congestion and 1477.00 March high. Beyond this will expose the 1487.00 April current year high to retest. However, stretched daily and weekly studies caution corrective pullback. Would take break of the 1460.00 level to see room for deeper pullback to the 1450.00/1446.00 area and the strong support at the 1440.00 congestion.