Published: 2025-10-06T02:49:19.000Z
Chart USD/KRW Update: Back to retest 1412.00/1414.00 resistance
0
-
Consolidation above the 1400.00 support has given way to bounce to retest the 1412.00/1414.00 congestion and 26 September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1428.00 | * | 13 May high, congestion | S1 | 1400.00 | ** | congestion | |
| R3 | 1420.00 | * | congestion | S2 | 1390.00 | * | 22 Sep low, congestion | |
| R2 | 1417.00 | * | 50% Apr/Jun fall | S3 | 1380.00 | * | congestion | |
| R1 | 1414.00 | ** | 26 Sep high | S4 | 1372.00 | ** | 17 Sep low |
Asterisk denotes strength of level
02:40 GMT - Consolidation above the 1400.00 support has given way to bounce to retest the 1412.00/1414.00 congestion and 26 September high. Clearance here will see room to further extend gains from the 1348.00 June current year low and see extension to 1417.00, 50% Fibonacci level. Higher still, will turn focus to the 1420.00 congestion and 1422.00, the June channel resistance. Meanwhile, support at the 1400.00 level should underpin and sustain bounce from the 1372.00 low.