Published: 2026-06-29T02:46:43.000Z
Chart USD/KRW Update: Consolidating, but still room to extend gains
-
Settled back from the 1550.00 high as prices consolidate gains from the 1505.00 mid-June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1590.00 | * | congestion | S1 | 1530.00 | * | congestion | |
| R3 | 1570.00 | * | congestion from Mar 2009 | S2 | 1520.00 | ** | congestion | |
| R2 | 1560.00 | ** | 5 Jun YTD high | S3 | 1505.00 | ** | 15 Jun low | |
| R1 | 1550.00 | congestion | S4 | 1500.00 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Settled back from the 1550.00 high as prices consolidate gains from the 1505.00 mid-June low. Further gains cannot be ruled out to retest the 1560.00 high and channel resistance from June 2025 year low. Would expect reaction on retest here but a later break cannot be ruled out to extend the underlying bull trend from the 2014 year low. Meanwhile, support is lowered to 1530.00/1520.00 congestion area and May high. Would take break here to fade the upside pressure and see room for pullback to support at the 1505.00/1500.00 low and congestion area.