Friday, October 16, 2026

Technicals

Add as a preferred source on Google

USD/KRW pulled back from the previous low at 1105.92, set to consolidate above 1107.80

Broader USD sentiment looks stronger against KRW as we have seen a decent bounce in the USD/KRW pulling back from the previous low of 1099.79. USD/KRW has broken the resitance at 1106.55 ( 50% retracement level), and is …

By Karin Verspoor
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Broader USD sentiment looks stronger against KRW as we have seen a decent bounce in the USD/KRW pulling back from the previous low of 1099.79.

  • USD/KRW has broken the resitance at 1106.55 ( 50% retracement level), and is fast approaching the next resistance at 11100.78 (38.2% retracement level). 

  • If we see a bullish breakout at the next resistance level at 1110.78 bulls are set to take control and may reach June 8th high.

  • To the downside, the immediate support is located at  at 01106.53 (50% retracement level). Major support is seen at 1102.28 (61.8% retracement level) a break below at this level will open the door to 1097.02.
Recommendation: Go long above 1104.00 with Target 1110.75, SL 1102.22

Resistance Levels

R1: 1109.21(38.2 Retracement level)
R2:1112.02 (50% Retracemant level)
R3:11162 (61.8 %Retracement level) 

Support Levels

S1:1106.50 (50 %Retracement level) S2:1102.46 (61.8 %Retracement level) S3:1100.00

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team