Published: 2025-10-13T03:01:55.000Z
Chart USD/KRW Update: Extending gains, but stretched
-
Break of resistance at the 1428.00 congestion see prices extending strong gains from the 1372.00 September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1450.00 | congestion | S1 | 1420.00 | congestion | |||
| R3 | 1446.00 | * | 28 Apr high | S2 | 1412.00 | * | Apr low | |
| R2 | 1440.00 | * | congestion | S3 | 1400.00 | ** | congestion | |
| R1 | 1434.00 | * | 61.8% Apr/Jun fall | S4 | 1390.00 | * | 22 Sep low, congestion |
Asterisk denotes strength of level
03:00 GMT - Break of resistance at the 1428.00 congestion see prices extending strong gains from the 1372.00 September low. Nearby see scope to target 1434.00, 61.8% Fibonacci level. Higher still, will see room to resistance at the 1440.00/1446.00 area. However, the deep overbought daily studies caution corrective pullback. Meanwhile, support is raised to the 1420.00 congestion then the 1414.00/1412.00 area which is expected to underpin. Failure here will ease the upside pressure and open up room for pullback to the 1400.00 congestion.