Published: 2026-05-08T02:46:43.000Z
Chart USD/KRW Update: Extend bounce from 1440.00 support
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Extending bounce from the 1440.00 low and channel support from the June 2025 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | congestion | S1 | 1455.00 | * | Apr low | |
| R3 | 1492.00 | ** | 29 Apr high | S2 | 1440.00 | ** | congestion | |
| R2 | 1480.00 | * | congestion | S3 | 1430.00 | * | Dec low | |
| R1 | 1470.00 | * | congestion | S4 | 1420.00 | ** | 26 Feb YTD low |
Asterisk denotes strength of level
02:40 GMT - Extending bounce from the 1440.00 low and channel support from the June 2025 year low as prices consolidate sharp losses from the 1492.00 high of last week. Regaining the 1460.00 level see room for stronger gains to the 1470.00/1480.00 congestion area which is expected to cap. Gains are expected to give way to renewed selling pressure later with support raised to the 1455.00 April low. Below this will expose the 1440.00 low to retest and further extend losses from the March current year high and see room to 1430.00 December low and 1420.00, 26 February current year low.