Published: 2025-07-24T02:48:57.000Z
Chart USD/KRW Update: Under pressure, 1365.00/1360.00 support at risk
Technical Analyst
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Under pressure as prices extend rejection from the 1395.00/1400.00, June/April 2024 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | ** | Apr 2024 high, 38.2% | S1 | 1365.00 | * | 5 May low | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | * | 26 May low | |
| R2 | 1390.00 | * | Jun high | S3 | 1350.00 | ** | 10 Jun low | |
| R1 | 1380.00 | * | congestion | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:45 GMT - Under pressure as prices extend rejection from the 1395.00/1400.00, June/April 2024 highs. Pullback see prices retracing the June/July rally with break of the 1380.00 support opening up room to strong support at 1365.00/1360.00, May lows. Below this will return focus to the 1350.00/1348.00, June and current year lows. Meanwhile, resistance is lowered to 1380.00 congestion which is expected to cap and sustain losses from the 1396.00, 17 July high.