Published: 2025-07-14T03:03:49.000Z
Chart USD/KRW Update: Pressuring 1380.00, scope for break
Technical Analyst
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Consolidation below the 1380.00 resistance see prices poised for break to extend gains from the June current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | * | Apr 2024 high, 38.2% | S1 | 1365.00 | * | 5 May low | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | * | 26 May low | |
| R2 | 1390.00 | ** | Jun high | S3 | 1348.00 | ** | 30 Jun YTD low | |
| R1 | 1380.00 | * | congestion | S4 | 1340.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidation below the 1380.00 resistance see prices poised for break to extend gains from the June current year low. Clearance will see room for extension to retest the June high at 1390.00 which is expected to cap. Break here, if seen, will open up scope towards strong resistance at 1395.00/1400.00 area and 38.2% Fibonacci level. However, corrective gains are expected to give way to fresh selling pressure later where a later break of the 1365.00/1360.00 area will expose the 1350.00/1348.00 area to retest and extend the April losses.