Published: 2025-09-29T02:22:15.000Z
Chart USD/KRW Update: Backed off from the 200-day MA
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Turned down from test of the 200-day MA at 1414.00 as prices unwind overbought intraday and daily studies
| 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, 200-day MA | S4 | 1372.00 | ** | 17 Sep low |
Asterisk denotes strength of level
02:15 GMT - Turned down from test of the 200-day MA at 1414.00 as prices unwind overbought intraday and daily studies. Pullback see support starting at the 1406.00/1400.00 congestion area. Break here will open up room for deeper pullback to the 1390.00 congestion which is expected to underpin. Failure here will expose the 1380.00 congestion and 1372.00 low to retest. Resistance at the 1412.00/1414.00 area now expected to cap. Clearance will open up room for extension to 1417.00, 50% Fibonacci level, and 1420.00 congestion and June channel resistance.