Published: 2025-05-19T02:26:25.000Z
Chart USD/KRW Update: Consolidating at 1400.00/1395.00 support
Technical Analyst
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No follow-through on break of the 1400.00/1395.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1440.00 | * | congestion, 61.8% | S1 | 1395.00 | * | Jun high | |
| R3 | 1430.00 | * | congestion | S2 | 1380.00 | * | congestion | |
| R2 | 1425.00 | ** | Feb low, 50% | S3 | 1365.00 | ** | 5 May YTD low | |
| R1 | 1412.00 | * | Apr low | S4 | 1360.00 | * | congestion |
Asterisk denotes strength of level
02:20 GMT - No follow-through on break of the 1400.00/1395.00 support as prices consolidate rejection from strong resistance at 1425.00, February low and 50% Fibonacci level. However, negative daily studies threatens break to expose the 1380.00 congestion and 1365.00 low to retest. Meanwhile, resistance is at 1412.00 low of April which is expected to cap. Break here will expose the 1425.00 resistance and see room to extend bounce from the 1365.00 low and retrace the April/May losses.