Published: 2025-03-24T02:39:49.000Z
Chart USD/KRW Update: Consolidating below 1472.00 resistance, scope for break
Technical Analyst
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Consolidating retest of the February high at 1472.00 as prices unwind the overbought intraday studies
| 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
02:35 GMT - Consolidating retest of the February high at 1472.00 as prices unwind the overbought intraday studies. Clearance here, will turn focus to the 1474.00/1477.00 highs. Beyond this, but not expected, will return focus to the 1487.00, December 2024 year high. Gains are seen corrective and expected to give way to fresh selling pressure later. Meanwhile, support israised to the 1450.00 congestion. Below here will see return to the 1440.00 support and where break will open up the critical 1427.00 and 1425.00, January/February lows to retest.