Published: 2025-08-19T02:36:14.000Z
Chart USD/KRW Update: Poised for retest of 1395.00/1400.00 resistance
Technical Analyst
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Bounce from the 1380.00/1375.00 area see pressure returning to retest the 1390.00 level
| 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 | 1365.00 | * | 24 Jul low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1360.00 | ** | 26 May low |
Asterisk denotes strength of level
02:30 GMT - Bounce from the 1380.00/1375.00 area see pressure returning to retest the 1390.00 level. Clearance here will open up scope for retest of resistance at 1395.00 and 1400.00, June and April 2024 highs. Clearance here, if see, will expose the 1406.00 high to retest and further retrace the April/June losses. However, gains are corrective and expected to give way to renewed selling pressure later. Meanwhile, support at the 1380.00/1375.00 area now underpin. Break here will open up room to the 1370.00 level and the 1365.00/1360.00 area.