Published: 2025-11-10T02:45:35.000Z
Chart USD/KRW Update: Consolidating, scope for pullback
1
Settled back from the 1462.00 high as prices consolidate strong gains from the 1425.00/1420.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 2024 year, 9 Apr YTD highs | S1 | 1446.00 | * | congestion | |
| R3 | 1477.00 | Mar high | S2 | 1440.00 | ** | congestion | ||
| R2 | 1470.00 | * | congestion | S3 | 1430.00 | * | congestion | |
| R1 | 1460.00 | * | congestion | S4 | 1425.00 | * | Feb low, congestion |
Asterisk denotes strength of level
02:35 GMT - Settled back from the 1462.00 high as prices consolidate strong gains from the 1425.00/1420.00 area and unwind intraday studies. Daily and weekly studies are stretched as well and caution corrective pullback to retrace strong gains from the broader 1372.00, September low. Pullback see support raised to 1446.00/1440.00 area which should underpin. Would take break here to open up room for deeper pullback to the 1430.00/1425.00 area. Meanwhile, resistance at 1460.00/1462.00 area now expected to cap. Clearance, if seen, will open up room to 1470.00/1477.00 congestion and March high.