Published: 2025-09-09T02:40:04.000Z
Chart USD/KRW Update: Extending pullback from 1395.00/1400.00 resistance
Technical Analyst
-
Leaning lower from resistance at the 1395.00/1400.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1375.00 | ** | 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
02:35 GMT - Leaning lower from resistance at the 1395.00/1400.00 area with scope seen for pullback to support at the 1380.00 level and 1375.00, August low. Daily studies are tracking lower and suggest scope for break here to return focus to the downside to retrace gains from the June low. Lower will open up room for retest of strong support at the 1365.00/1360.00 area. Below this will return focus to the 1350.00/1348.00, June current year lows. Meanwhile, resistance at the 1395.00/1400.00 area is expected to cap.