Published: 2025-11-20T02:45:16.000Z
Chart USD/KRW Update: Extending bounce from 1448.00 low
-
Extending rebound from the 1448.00 low to retest the resistance at 1470.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | figure | S1 | 1460.00 | * | congestion | |
| R3 | 1487.00 | ** | 9 Apr YTD high | S2 | 1448.00 | ** | 14 Nov low | |
| R2 | 1475.00 | ** | 13 Nov high | S3 | 1446.00 | * | congestion | |
| R1 | 1470.00 | * | congestion | S4 | 1440.00 | ** | congestion |
Asterisk denotes strength of level
02:40 GMT - Extending rebound from the 1448.00 low to retest the resistance at 1470.00. Higher will see scope for retest of the 1475.00 high where reaction is expected but a later break cannot be ruled out to extend bullish gains from from the 1348.00, June low. Clearance will turn focus to the 1487.00, April current year high. Meanwhile, support is raised to the 1460.00 congestion. Below this will expose the 1448.00 low to retest and where break is needed to open up room for deeper pullback to retrace gains from the June low.