Published: 2025-08-05T02:39:48.000Z
Chart USD/KRW Update: Consolidating, room for lower later
Technical Analyst
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Consolidating above the 1383.00 low following rejection from the 1406.00 Friday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1365.00 | ** | 24 Jul low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1360.00 | * | 26 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:35 GMT - Consolidating above the 1383.00 low following rejection from the 1406.00 Friday's high as prices unwind oversold intraday studies. However, daily studies are unwinding overbought readings and suggest this giving way to fresh selling pressure later to target the 1380.00 support. Below this will open up the strong support at 1365.00/1360.00 to retest. Break here will return focus to the 1351.00/1348.00, June lows. Meanwhile, resistance at the 1395.00/1400.00 area is expected to cap and sustain rejection from the 1406.00 high.