Published: 2025-12-12T02:55:36.000Z
Chart USD/KRW Update: Extend choppy trade below 1475.00 resistance
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Extending consolidation below the 1475.00 resistance but the downside still limited
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | figure | S1 | 1460.00 | * | congestion | |
| R3 | 1487.00 | ** | 9 Apr YTD high | S2 | 1448.00 | ** | 14 Nov low | |
| R2 | 1480.00 | ** | 24 Nov high | S3 | 1440.00 | ** | congestion | |
| R1 | 1475.00 | * | 13 Nov high | S4 | 1435.00 | * | 14 Oct high |
Asterisk denotes strength of level
02:50 GMT - Extending consolidation below the 1475.00 resistance but the downside still limited as prices extend choppy trade around 1470.00. Would take break of support at the 1460.00 congestion to open up to room to strong support at the 1450.00/1448.00 congestion area. Below the latter will confirm a top pattern at the 1480.00 high and see deeper pullback to retrace gains from the June YTD low. Meanwhile, resistance remains at 1475.00 which is expected to cap. Would take break here to expose the 1480.00 high to retest and see scope for break to expose the April YTD high at 1487.00 to retest.