Published: 2025-12-22T02:41:20.000Z
Chart USD/KRW Update: Poised for break of 1480.00, November high
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Extend consolidation below the 1480.00 November high but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1518.00 | ** | Nov 2008 year high | S1 | 1470.00 | * | congestion | |
| R3 | 1500.00 | * | figure | S2 | 1464.00 | * | 15 Dec low | |
| R2 | 1487.00 | ** | 9 Apr YTD high | S3 | 1460.00 | * | congestion | |
| R1 | 1480.00 | ** | 24 Nov high | S4 | 1448.00 | ** | 14 Nov low |
Asterisk denotes strength of level
02:35 GMT - Extend consolidation below the 1480.00 November high but pressure remains on the upside within the ascending triangle from the 1448.00 low. Higher will see room for extension to retest the 1487.00 April current year high where reaction can be expected. A later break, if seen, will extend the broader gains from the 2014 year low and see room for extension to the 1500.00 level. Meanwhile, support is at the 1470.00 congestion and extending to 1464.00 low of last week which should now underpin. Only break here will fade the upside pressure and see deeper pullback to retrace gains from the June low.