Published: 2025-10-09T02:36:25.000Z
Chart USD/KRW Update: Settled back from test of 1428.00 resistance
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Further extend gains through the 1420.00 level to reach strong resistance at the 1428.00 congestion before settling back
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1446.00 | * | 28 Apr high | S1 | 1412.00 | * | Apr low | |
| R3 | 1440.00 | * | congestion | S2 | 1400.00 | ** | congestion | |
| R2 | 1434.00 | * | 61.8% Apr/Jun fall | S3 | 1390.00 | * | 22 Sep low, congestion | |
| R1 | 1428.00 | ** | 13 May high, congestion | S4 | 1380.00 | congestion |
Asterisk denotes strength of level
02:25 GMT - Further extend gains through the 1420.00 level to reach strong resistance at the 1428.00 congestion before settling back. Pullback see prices unwinding the overbought daily studies but positive weekly studies suggest room for higher later. Above the 1428.00 high will see room for extension to 1434.00, 61.8% Fibonacci level, and 1440.00 congestion. Meanwhile, support at the 1412.00/1410.00 congestion should underpin. Failure here will ease the upside pressure and open up room for pullback to the 1400.00 congestion.