Published: 2026-05-20T02:56:42.000Z
Chart USD/KRW Update: Consolidating at 1510.00 resistance
1
No follow-through on break above resistance at the 1510.00 congestion as bullish momentum wane
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1537.00 | ** | 31 Mar YTD high | S1 | 1500.00 | ** | 13 May high, congestion | |
| R3 | 1530.00 | * | figure | S2 | 1492.00 | * | congestion | |
| R2 | 1520.00 | ** | congestion | S3 | 1480.00 | ** | congestion | |
| R1 | 1510.00 | * | congestion | S4 | 1470.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - No follow-through on break above resistance at the 1510.00 congestion as bullish momentum wane. Intraday and daily studies are stretched and caution corrective pullback but further gains cannot be ruled out to extend gains from the 1440.00 low of 6 May and channel support from June 2025 year low. Meanwhile, support is raised to the 1500.00 level and extending to the 1492.00/1490.00 congestion area which should underpin. Would take break here and the strong support at 1480.00 to fade the upside pressure and return focus to the downside.