Published: 2025-07-17T02:39:24.000Z
Chart USD/KRW Update: Extending gains
Technical Analyst
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Extending gains from the June low as prices retrace losses from the April high and see room for reach the 1395.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1380.00 | * | 7 Jul high | |
| R3 | 1412.00 | ** | 16 Apr low | S2 | 1370.00 | * | 3 Jul high | |
| R2 | 1400.00 | * | Apr 2024 high, 38.2% | S3 | 1365.00 | * | 5 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1360.00 | * | 26 May low |
Asterisk denotes strength of level
02:30 GMT - Extending gains from the June low as prices retrace losses from the April high and see room for reach the 1395.00 resistance. Clearance will further retrace the April/June losses and see room to 1400.00, April 2024 highs and 38.2% Fibonacci level. Would expected reaction here with daily studies stretched. Break here, if seen, will see extension to strong resistance at 1412.00. Meanwhile, support is raised to 1380.00 which should underpin while break will open up room to the 1370.00 level and the 1365.00/1360.00 area.