Published: 2025-06-20T02:54:02.000Z
Chart USD/KRW Update: Consolidating test of 1385.00, higher later
Technical Analyst
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Settled back from test of the 1385.00 resistance as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | May low | S1 | 1370.00 | * | congestion | |
| R3 | 1400.00 | ** | Apr 2024 year high | S2 | 1360.00 | * | 29 May low | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1351.00 | ** | 10 Jun YTD low, 50% | |
| R1 | 1385.00 | ** | 29 May high | S4 | 1340.00 | * | congestion, 8 Oct low |
Asterisk denotes strength of level
02:45 GMT - Settled back from test of the 1385.00 resistance as prices unwind overbought intraday studies and consolidate bounce from the 1351.00 low. Positive daily studies suggest this giving way to renewed buying interest later and higher will see room for further gains to retrace losses from the 1487.00 December/April double top. Higher will see room to strong resistance at 1395.00/1400.00, June/April 2024 year highs. Meanwhile, support remains at 1370.00. Below this will open up room for deeper pullback to the 1365.00/1360.00 area.