What is the key resistance level for USD/KRW today?

The immediate resistance level to watch is 1471.02, followed by the psychological major figure at 1480.00.

How should traders use the pivot level for USD/KRW?

The pivot at 1468.76 acts as a regime switch. Staying above it suggests bullish continuity, while falling below it signals a rotation lower.

What is impacting the Korean Won's current price action?

The pair is currently influenced by US Treasury yield movements (specifically the 2Y and 10Y) and shifts in global risk sentiment across the London and New York sessions.

USD/KRW Analysis: 1471 Resistance Test | FXPremiere

USD/KRW maintains a bullish bias near the 1471.02 resistance level as markets navigate a liquidity-driven window and shifting US Treasury yields.

The USD/KRW exchange rate maintains a constructive topside tone as of January 22, 2026, trading near the 1470.71 mark. Despite a broader softening in the US Dollar against pro-cyclical peers, higher US Treasury yields are providing a steady floor for the pair as it tests key resistance at the 1471.02 level.

Market Drivers and Sentiment Shift

The Korean Won's performance is currently caught between two competing forces: a rotation toward "lower headline stress" environments and the persistence of firm-ish US yields. While growth-sensitive currencies like the AUD and NZD have outperformed, USD/KRW remains sensitive to liquidity windows and the US interest rate trajectory, with the 2-year Treasury yield holding near 3.618%.

Market participants appear to be reducing risk premium in some sectors, yet true re-risking remains elusive. This has resulted in a well-defined trading range where price action is increasingly governed by structural flow rather than pure speculative momentum.

Technical Level Map

Understanding the current regime requires a close look at the immediate price boundaries established during the London and New York overlaps:

Resistance Levels: 1471.02 (Immediate), 1480.00 (Major Figure), 1510.00
Support Levels: 1464.54 (Session Low), 1455.00, 1425.00
Daily Pivot: 1468.76

The Pivot as a Regime Switch

Traders should treat the 1468.76 pivot as the definitive regime switch for the next 24 hours. If the spot price holds above this level and pullbacks remain shallow, it suggests the market is still "paying" for the move, making dips more likely to be absorbed by buyers. Conversely, a failure to hold the pivot on a retest shifts the probability toward a full rotation back to the lower edge of the range at 1464.54.

Execution Strategy: Breakout vs. Rotation

With the pair pinning the 1471.02 resistance, execution discipline is paramount. A sustained acceptance above 1471.02 opens the path toward the 1480.00 figure. However, the "cleanest" invalidation of a breakout is not the first spike through the level, but rather the lack of time spent beyond it. A quick return inside the range after a break should be treated as a warning signal.

If the pair fails to clear 1471.02 and subsequently loses the 1468.76 pivot, a rotation toward 1464.54 becomes the primary tactical play. Given the current environment, entries on retests are preferred over chasing initial spikes to avoid the "first touch" trap often seen in range-bound markets.

Rates Transmission and Risk Outlook

The reaction function of USD/KRW to US front-end rate moves serves as a vital micro-check. If the US Treasury curve shifts but the pair remains stagnant, it often indicates that idiosyncratic local demand or a separate Korean risk premium is dominating the tape.

A significant shift in the broader outlook would require a change in global equity volatility. Increased defensive demand would typically benefit the JPY or CHF, potentially causing high-beta FX like the KRW to underperform despite current USD softness.