Published: 2025-02-19T03:02:08.000Z
Chart USD/KRW Update: Extend consolidation at 1440.00 support
Technical Analyst
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Little change, as prices consolidate test of the 1440.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1478.00 | * | 31 Dec high | S1 | 1440.00 | * | congestion | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1427.00 | ** | 24 Jan YTD low | |
| R2 | 1460.00 | * | congestion | S3 | 1417.00 | * | 38.2% Sep/Dec rally | |
| R1 | 1455.00 | * | 18 Dec high | S4 | 1411.00 | * | Nov high |
Asterisk denotes strength of level
02:50 GMT - Little change, as prices consolidate test of the 1440.00 level. Daily studies have started to bottom out at oversold areas and suggest scope for bounce to consolidate losses from the 1455.00/1460.00 resistance. Nearby see resistance starting at the 1450.00/1455.00 area then the 1460.00 congestion which is expected to cap corrective bounce. Meanwhile, break of the 1440.00 level will turn focus to the 1427.00 low of January. Below the latter will extend the broader losses from the December high to retrace rally from the September low.