Published: 2025-03-21T02:23:28.000Z
Chart USD/KRW Update: Just shy of 1472.00 resistance
Technical Analyst
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Break above the 1460.00/1464.00 resistance further extending gains from the 1440.00 support to approach the February high at 1472.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 27 Dec 2024 year high | S1 | 1450.00 | * | congestion | |
| R3 | 1477.00 | * | 2 Jan YTD high | S2 | 1440.00 | ** | congestion | |
| R2 | 1474.00 | * | 10 Jan high | S3 | 1427.00 | * | Jan low | |
| R1 | 1472.00 | ** | 3 Feb high | S4 | 1425 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:20 GMT - Break above the 1460.00/1464.00 resistance further extending gains from the 1440.00 support to approach the February high at 1472.00. Clearance here, if seen, will turn focus to the 1474.00/1477.00 highs. However, gains are seen corrective and lower high sought to further pressure the downside later with support raised to the 1450.00 congestion. Below here will see return focus to the 1440.00 support and where break will open up the 1427.00 and 1425.00, January/February lows to retest.