Published: 2025-04-09T02:51:30.000Z
Chart USD/KRW Update: Consolidating retest of 1487.00, 2024 year high
Technical Analyst
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Break above the 1477.00 January high has seen gains to retest the 1487.00, December 2024 year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1560.00 | * | 10 Mar 2009 high | S1 | 1477.00 | * | Mar high | |
| R3 | 1525.00 | * | Nov 2008 year high | S2 | 1470.00 | * | congestion | |
| R2 | 1500.00 | * | psychological | S3 | 1460.00 | * | congestion | |
| R1 | 1487.00 | ** | 27 Dec 2024 year high | S4 | 1450.00 | * | 3 Apr low, congestion |
Asterisk denotes strength of level
02:45 GMT - Break above the 1477.00 January high has seen gains to retest the 1487.00, December 2024 year high. Reaction here see prices unwinding the overbought intraday studies and consolidating strong run-up from the 1430.00 low of last week. Break here will extend the underlying bull trend from the 2014 year low and see room to the 1500.00 level. Meanwhile, support is raised to the 1477.00/1470.00 congestion area which should underpin. Close below these will open up room for deeper pullback to the 1460.00/1450.00 congestion area.