Published: 2025-02-18T02:36:00.000Z
Chart USD/KRW Update: Higher in consolidation from 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
02:30 GMT - Little change, as prices consolidate test of the 1440.00 level and unwind oversold intraday studies. Negative daily studies have starting to bottom 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 and give way to selling pressure later. Break of the 1440.00 level will return focus to the 1427.00 low of January. Below the latter will see deeper pullback to retrace the September/December rally.