Published: 2026-01-29T02:32:36.000Z
Chart USD/KRW Update: Consolidating at 1421.00 low, but still heavy
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Consolidation above the 1430.00 support has given way to break to reach fresh year low at 1421.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1470.00 | * | congestion | S1 | 1420.00 | * | congestion | |
| R3 | 1460.00 | * | congestion | S2 | 1416.00 | * | 50% Jun/Dec rally | |
| R2 | 1450.00 | ** | congestion | S3 | 1410.00 | * | congestion | |
| R1 | 1440.00 | * | congestion | S4 | 1406.00 | * | Aug high |
Asterisk denotes strength of level
02:25 GMT - Consolidation above the 1430.00 support has given way to break to reach fresh year low at 1421.00. Bounce here see prices unwinding stretched intraday studies with resistance at the 1440.00/1450.00 area expected to cap. Lower high sought to further pressure the downside later. Below the 1421.00 low and 1420.00 congestion will open up room for deeper pullback to retrace the June/December rally and see room to 1416.00, 50% Fibonacci level. Lower still, will see continuation to 1410.00 congestion and 1406.00, August high.