Published: 2025-07-30T02:39:58.000Z
Chart USD/KRW Update: Settled back from retest 1395.00 resistance
Technical Analyst
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Retest of strong resistance at the 1395.00/1400.00 area has met with fresh selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1418.00 | * | 50% Apr/Jun fall | S1 | 1380.00 | * | congestion | |
| R3 | 1412.00 | ** | Apr low | S2 | 1365.00 | ** | 24 Jul low | |
| R2 | 1400.00 | ** | Apr 2024 high, 38.2% | S3 | 1360.00 | * | 26 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:35 GMT - Retest of strong resistance at the 1395.00/1400.00 area has met with fresh selling pressure as prices consolidate bounce from the 1365.00 low of last week. Daily studies have turned mixed and suggest further gains on hold for now and deeper pullback through the 1380.00 support cannot be ruled out. Lower will see room for retest of the 1365.00 which is expected to under pin. Faiolure here will return focus to the downside for retest of 1360.00 congestion then the 1350.00/1348.00 lows.