Published: 2026-06-02T02:48:24.000Z
Chart USD/KRW Update: Poised for retest of 1520.00, May high
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Extending bounce from support at the 1500.00/1492.00 area to approach strong resistance at the 1520.00 May high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1540.00 | congestion | S1 | 1500.00 | * | congestion | ||
| R3 | 1537.00 | ** | 31 Mar YTD high | S2 | 1492.00 | * | 29 Apr high | |
| R2 | 1530.00 | * | figure | S3 | 1488.00 | * | 19 May low | |
| R1 | 1520.00 | ** | May high | S4 | 1480.00 | ** | congestion |
Asterisk denotes strength of level
02:40 GMT - Extending bounce from support at the 1500.00/1492.00 area to approach strong resistance at the 1520.00 May high. Break here will extend strong gains from the 1440.00 May low and bullish channel from the June 2025 year low. Would expect reaction at the 1520.00 resistance but bullish momentum suggest scope for eventual break to open up room for retest of the 1537.00 March YTD high. Meanwhile, support at the 1500.00 level and extending to 1492.00 high of 29 April are expected to underpin and sustain the bullish outlook.