Published: 2025-05-08T02:40:51.000Z
Chart USD/KRW Update: Pressuring 1395.00/1400.00 resistance
Technical Analyst
-
Turned up in range from the 1365.00 low to pressure strong resistance at the 1395.00/1400.00, June/April 2024 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1425.00 | ** | Feb low, 50% | S1 | 1390.00 | * | 6 May high | |
| R3 | 1420.00 | * | congestion | S2 | 1373.00 | 6 May low | ||
| R2 | 1412.00 | ** | 16 Apr low, 38.2% | S3 | 1365.00 | ** | 5 May YTD low | |
| R1 | 1400.00 | ** | Apr 2024 high | S4 | 1360.00 | * | figure |
Asterisk denotes strength of level
02:35 GMT - Turned up in range from the 1365.00 low to pressure strong resistance at the 1395.00/1400.00, June/April 2024 highs. The daily and weekly studies are streched and suggest scope for strong corrective bounce to retrace losses from the high of last week. Would take break here to open up room for stronger gains to the previous lows at 1412.00/1420.00 area and the February low at 1425.00. Meanwhile, support is raised to 1390.00 ahead of the 1373.00/1365.00 lows expected to underpin. Failure will open up room to 1360.00 and 1350.00 congestion.