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At Gate Square, everyone can be a community leader! � - 🚀 #GateNewbieVillageEpisode3 ✖️ @CryptoSelf
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USD/KRW remains above the key support of the trend line – BBH
Source: Fxstreet
Sep 4, 2025 10:14
The USD/KRW pair is consolidating near the key support at 1358, with momentum indicators showing limited direction. A sustained move above 1406 could pave the way towards the 200-day moving average at 1417/1425, according to FX analysts at Société Générale.
The pair consolidates after the rebound in June
“USD/KRW tested a multi-year upward trend line at 1346 in June (currently at 1358), causing a brief rebound. Recently, the pair has consolidated within a narrow range. The daily MACD has oscillated around its signal line, indicating a lack of clear direction in the short term.”
“Defending the trend line at 1358 is crucial to sustain the rally. A breakout above the upper limit of the recent consolidation at 1406 could trigger an extension of the bounce towards the 200-day moving average at 1417/1425.”
Disclaimer: For informational purposes only. Past performance is not indicative of future results.
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