Published: 2025-07-11T02:24:08.000Z
Chart USD/KRW Update: Consolidating below 1380.00, scope for break later
Technical Analyst
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Remains below the 1380.00 resistance as prices consolidate gains from the 1348.00 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | * | Apr 2024 high | S1 | 1365.00 | * | 5 May low | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | * | 26 May low | |
| R2 | 1390.00 | ** | Jun high | S3 | 1348.00 | ** | 30 Jun YTD low | |
| R1 | 1380.00 | * | congestion | S4 | 1340.00 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Remains below the 1380.00 resistance as prices consolidate gains from the 1348.00 low of last week. Positive daily studies suggest room for further gains later, clearance will see extension to retest the June high at 1390.00 which is expected to cap. Break, if seen, will open up scope towards strong resistance at 1395.00/1400.00 area. However, corrective gains are expected to give way to fresh selling pressure later. Break of support at the 1365.00/1360.00 area will expose the 1350.00/1348.00 area to retest and see scope to extend the April losses.