Published: 2025-10-03T03:00:38.000Z
Chart USD/KRW Update: Consolidating below 1414.00 high, room for higher later
0
-
Shallow pullback from the 1414.00 high keeps pressure on the upside and see room to further extend gains from the 1372.00 September swing low
| 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
02:50 GMT - Shallow pullback from the 1414.00 high keeps pressure on the upside and see room to further extend gains from the 1372.00 September swing low. Daily studies have turned positive and suggest scope for break of the 1412.00/1414.00 resistance to further extend gains from the June current year low. Higher will see room for extension to 1417.00, 50% Fibonacci level, then 1420.00 congestion and the June channel resistance. Meanwhile, support at the 1400.00 level should underpin and sustain bounce from the 1372.00 low.