Published: 2025-05-27T02:44:22.000Z
Chart USD/KRW Update: Consolidating break to 1360.00, fresh year low
Technical Analyst
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Break of the 5th May low at 1365.00 has seen prices reaching fresh year low at 1360.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1360.00 | * | congestion | |
| R3 | 1400.00 | * | Apr 2024 high | S2 | 1350.00 | * | congestion | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1340.00 | ** | congestion, trendline | |
| R1 | 1380.00 | * | congestion | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:35 GMT - Break of the 5th May low at 1365.00 has seen prices reaching fresh year low at 1360.00. Consolidation see prices unwinding deep oversold daily and weekly studies but bearish stucture suggest bounce likely to be shallow. A later break will further extend losses from the December/April double top and see room to the 1350.00 congestion. Meanwhile, resistance is lowered to the 1380.00 congestion which is expected to cap and sustain losses from the 1425.00 resistance. Above here will see room for stronger corrective bounce to 1395.00/1400.00.