Published: 2025-12-16T03:06:11.000Z
Chart USD/KRW Update: Backed off from retest of 1480.00, November high
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Saw rejection from the 1480.00 November high as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | figure | S1 | 1464.00 | * | 3 Dec low | |
| R3 | 1487.00 | ** | 9 Apr YTD high | S2 | 1460.00 | * | congestion | |
| R2 | 1480.00 | ** | 24 Nov high | S3 | 1448.00 | ** | 14 Nov low | |
| R1 | 1475.00 | * | 13 Nov high | S4 | 1440.00 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Saw rejection from the 1480.00 November high as prices unwind overbought intraday and daily studies to retest the 1464.00 support. Would take break here to negate the ascending triangle pattern and open up room for deeper pullback to support at the 1460.00 congestion. Below this will fade the upside pressure and see room for deeper correction of gains from the June YTD low. Meanwhile, resistance at the 1475.00/1480.00 highs expected to cap. Clearance, will expose 1487.00 the April current year high to retest.