Published: 2025-06-27T02:46:08.000Z
Chart USD/KRW Update: Poised for retest of 1351.00, current year low
Technical Analyst
1
Pressure remains on the downside to extend losses from the 1390.00 Monday's high to approach the 1351.00, 10 June YTD low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1351.00 | ** | 10 Jun YTD low | |
| 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
02:40 GMT - Pressure remains on the downside to extend losses from the 1390.00 Monday's high to approach the 1351.00, 10 June YTD low. Oversold intraday and daily studies suggest possible reaction here though bearish price action from the April high should limit corrective bounce. Below the 1351.00 low will see room to the trend line from the February 2023 low at 1345.00. Meanwhile, resistance is lowered to the May lows at 1360.00/1365.00 area. Would need lift over this to open up room for stronger corrective bounce to 1380.00 congestion.