Published: 2025-03-12T02:53:33.000Z
Chart USD/KRW Update: Resistance at 1460.00/1464.00
Technical Analyst
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Bounce from the 1440.00 support has seen gains to retest the 1460.00/1464.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | ** | 2 Jan YTD high | S1 | 1450.00 | * | congestion | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1440.00 | ** | congestion | |
| R2 | 1464.00 | ** | 28 Feb high | S3 | 1427.00 | * | Jan low | |
| R1 | 1460.00 | * | congestion | S4 | 1425.00 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:40 GMT - Bounce from the 1440.00 support has seen gains to retest the 1460.00/1464.00 resistance. Clearance here will open up room for retest of strong resistance at the 1472.00, February high. However, gains are seen corrective and test of the latter expected to meet with selling pressure. Meanwhile, support remains at the 1450.00/1440.00 congestion area and low of last week. Break here will open up the 1427.00 and 1425.00, January/February lows to retest.