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fxJul 21, 2026, 7:39 PM

USD/KRW Faces Support Cluster Near 1,464/1,461 – SocGen

Societe Generale technical analysts note USD/KRW failed to break above the June high around 1,561 and is now testing its 200-day moving average, with a support cluster near 1,464/1,461.

USDKRW

Societe Generale's technical strategy team reports that USD/KRW has twice failed to breach the June high near 1,561, prompting a deeper pullback toward the 200-day moving average.

The pair is currently testing this key moving average. Analysts identify the next support zone as a multi-month ascending trend line, with a cluster of support near the 1,464/1,461 area.

Further losses could extend if the 200-day MA is broken, though the support cluster may provide a near-term floor.

Source: FXStreet Forex News