Published: 2025-07-01T02:55:39.000Z
Chart USD/KRW Update: Consolidating above 1348.00, fresh year low
Technical Analyst
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Turned up from fresh low at 1348.00 as prices unwind the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1350.00 | ** | congestion | |
| R3 | 1390.00 | ** | 23 Jun high | S2 | 1345.00 | * | 2023 trend line | |
| R2 | 1380.00 | * | congestion | S3 | 1340.00 | * | congestion | |
| R1 | 1365.00 | * | 5 May low | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Turned up from fresh low at 1348.00 as prices unwind the oversold intraday studies. Daily chart are deep into oversold areas as well and caution corrective bounce. However, bearish momentum from the 1390.00 high of last week keeps focus firmly on the downside and further losses cannot be ruled out. Lower will see room to the trend line from the 2023 low at 1345.00. Meanwhile, resistance at the 1360.00/1365.00 May lows are expected to cap. Lift over this area will open up room for stronger corrective bounce to the 1380.00 congestion.