Published: 2025-03-18T02:42:52.000Z
Chart USD/KRW Update: Consolidating above 1440.00 support
Technical Analyst
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Break of the 1450.00 congestion has seen deeper puullback to approach support at 1440.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1472.00 | ** | 3 Feb high | S1 | 1440.00 | ** | congestion | |
| R3 | 1464.00 | ** | 28 Feb high | S2 | 1427.00 | * | Jan low | |
| R2 | 1460.00 | * | congestion | S3 | 1425.00 | ** | 24 Feb YTD low | |
| R1 | 1464.00 | * | 28 Feb high | S4 | 1417.00 | * | 38.2% Sep/Dec rally |
Asterisk denotes strength of level
02:35 GMT - Break of the 1450.00 congestion has seen deeper puullback to approach support at 1440.00. Break here will open up the 1427.00 and 1425.00, January/February lows to retest. Below these will extend the broader losses from the December high to retrace rally from the September low and see room to 1417.00, 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 1450.00 congestion and this should cap and sustain losses from the 1460.00/1464.00 highs.