Published: 2025-11-07T02:45:53.000Z
Chart USD/KRW Update: Extending gains, but stretched
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Extending bounce from the 1420.00 low of last week to reach the 1454.00, 76.4% Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | Mar high | S1 | 1440.00 | * | congestion | ||
| R3 | 1470.00 | * | congestion | S2 | 1430.00 | * | congestion | |
| R2 | 1460.00 | * | congestion | S3 | 1425.00 | * | Feb low, congestion | |
| R1 | 1454.00 | * | 76.4% Apr/Jun fall | S4 | 1420.00 | ** | congestion |
Asterisk denotes strength of level
02:40 GMT - Extending bounce from the 1420.00 low of last week to reach the 1454.00, 76.4% Fibonacci level. Bullish momentum keep focus firmly on the upside and further gains cannot be ruled out. Higher will see room to the 1460.00 congestion. However, daily and weekly studies are deep into overbought areas and caution corrective pullback. Meanwhile, support at the 1446.00/1440.00 congestion now underpin. Break here will fade the upside pressure and see room for deeper pullback to the 1430.00/1425.00 area.