Published: 2025-06-23T03:12:39.000Z
Chart USD/KRW Update: Pressuring 1385.00 resistance
Technical Analyst
1
Consolidating test of the 1385.00 resistance but pressure remains firmly on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | May low | S1 | 1370.00 | * | congestion | |
| R3 | 1400.00 | ** | Apr 2024 year high | S2 | 1360.00 | * | 29 May low | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1351.00 | ** | 10 Jun YTD low, 50% | |
| R1 | 1385.00 | ** | 29 May high | S4 | 1340.00 | * | congestion, 8 Oct low |
Asterisk denotes strength of level
03:10 GMT - Consolidating test of the 1385.00 resistance but pressure remains firmly on the upside and see scope for break here to extend bounce from the 1351.00, 10 Jun YTD low. Daily and weekly studies are tracking higher and suggest room for break to further retrace losses from the 1487.00, December/April double top. Clearance will see room to strong resistance at 1395.00/1400.00, June/April 2024 year highs. Meanwhile, support remains at 1370.00. Only below this will open up room for pullback to the 1365.00/1360.00 area.