Published: 2026-07-20T02:53:21.000Z
Chart USD/KRW Update: Consolidating sharp losses
2
Edged up from above support at the 200-day MA at 1476.00 as prices consolidate steep drop from the 1560.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1520.00 | * | congestion | S1 | 1476.00 | * | 200-day MA | |
| R3 | 1505.00 | ** | 15 Jun low | S2 | 1470.00 | * | congestion | |
| R2 | 1500.00 | * | congestion | S3 | 1460.00 | * | congestion | |
| R1 | 1487.00 | * | 2024/2025 yr highs | S4 | 1455.00 | * | 50% 2025/2026 rally |
Asterisk denotes strength of level
02:45 GMT - Edged up from above support at the 200-day MA at 1476.00 as prices consolidate steep drop from the 1560.00 high. Consolidation see prices unwinding oversold intraday and daily studies but bearish momentum from the June high keep pressure on the downside. Lower will see room for deeper pullback to retrace gains from the June 2025 year low to 1470.00/1460.00 congestion. Meanwhile, resistance remains at 1487.00/1490.00, 2024/2025 year highs and congestion area. Above here, if seen, will see room for stronger bounce to resistance at 1500.00/1505.00 area.