Forex - Chart USD/KRW Update: Opening strength to falter towards 1065.00 resistance


Published at 00:50 (GMT) 08 Nov

     

Chart USD/KRW Update: Opening strength to falter towards 1065.00 resistance (JZBC6501)

08 Nov USD/KRW Daily
00::18 GMT - Opening move above 1061.70 high set prior session is exposing a pattern-gap on the downside and expect further consolidative strength to be checked by the 1065.00 resistance for a later setback to fill the lower gap. Trade the 1059.10-1065.00 band.[W.T]
R5: 1073.4 * 14 Oct high
R4: 1070.4 15 Oct high
R3: 1068.8 16 Oct high
R2: 1066.5 17 Oct high
R1: 1065.0 * 1 Nov high

S1: 1061.7 7 Nov high, gap
S2: 1059.1 31 Oct low
S3: 1054.3 * 24 Oct low
S4: 1050.0 2 Aug 2011 low
S5: 1048.9 ** 1 Aug 2011 low

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Majors

Cryptocurrencies

Signatures