Published: 2025-08-29T02:23:51.000Z
Chart USD/KRW Update: Leaning lower from 1395.00/1400.00 resistance
Technical Analyst
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Lower in choppy trade following rejection from 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
02:10 GMT - Lower in choppy trade following rejection from the 1395.00/1400.00 resistance towards strong support at the 1380.00/1375.00 lows. Negative daily and weekly studies suggest risk for break here to open up room for deeper pullback to retrace the June/August rally. Lower will extend pullback to 1370.00 congestion and 1365.00 support. Meanwhile, resistance at the 1395.00/1400.00 resistance is expected to cap and sustain pullback from the 1406.00, 1st August swing high.