Published: 2026-07-22T03:00:04.000Z
Chart USD/KRW Update: Consolidating sharp losses
1
Edged up from the 1472.00 low as prices consolidate steep losses from resistance at the 1560.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1520.00 | * | congestion | S1 | 1470.00 | * | congestion | |
| R3 | 1505.00 | ** | 15 Jun low | S2 | 1460.00 | * | congestion | |
| R2 | 1500.00 | * | congestion | S3 | 1455.00 | * | 50% 2025/2026 rally | |
| R1 | 1487.00 | * | 2024/2025 yr highs | S4 | 1440.00 | ** | May low |
Asterisk denotes strength of level
02:50 GMT - Edged up from the 1472.00 low as prices consolidate steep losses from resistance at the 1560.00 high. Daily and weekly studies are oversold and suggest scope for corrective bounce here. Meanwhile, resistance is at the 1487.00/1490.00 area. Above here will see room for stronger bounce to strong resistance at 1500.00/1505.00 which is expected to cap. Corrective bounce is expected to give way to renewed selling pressure later. Below 1472.00 low will see room to support at the 1470.00/1460.00 congestion area.