Published: 2025-10-24T02:46:00.000Z
Chart USD/KRW Update: Extending gains
-
Break above congestion at 1430.00 has seen follow-through above the 1435.00 high to reach the 1440.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1454.00 | * | 76.4% Apr/Jun fall | S1 | 1430.00 | * | congestion | |
| R3 | 1450.00 | * | congestion | S2 | 1415.00 | ** | 16 Oct low | |
| R2 | 1446.00 | ** | 28 Apr, 2022 year high | S3 | 1406.00 | ** | Aug high | |
| R1 | 1440.00 | * | congestion | S4 | 1400.00 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Break above congestion at 1430.00 has seen follow-through above the 1435.00 high to reach the 1440.00 level. Positive daily and weekly studies suggest scope for break here to further extend gains from the 1348.00, June current year low. Higher will see room for extension to strong resistance at 1446.00, 28 April and 2022 year highs. Meanwhile, support is raised to 1430.00. Below here will open up room for deeper pullback to the 1420.00/1415.00 congestion and 16 October low which is expected to underpin and sustain the broader gains from 1372.00, September low.