Published: 2025-06-10T02:44:52.000Z
Chart USD/KRW Update: Consolidating above 1350.00 support
Technical Analyst
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Edged up from test of the 1351.00 low as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1350.00 | * | congestion | |
| R3 | 1385.00 | ** | 29 May high | S2 | 1340.00 | * | congestion, 8 Oct low | |
| R2 | 1370.00 | * | congestion | S3 | 1330.00 | * | congestion | |
| R1 | 1360.00 | * | congestion | S4 | 1318.00 | * | 26 Aug low |
Asterisk denotes strength of level
02:40 GMT - Edged up from test of the 1351.00 low as prices unwind oversold intraday studies. Daily studies are stretched as well and suggest scope for corrective bounce to resistance at the 1360.00/1364.00, congestion and 5 June high. Above these will open up room for stronger bounce to retrace losses from the April YTD high to 1370.00 congestion and the 1380.00/1385.00 area. Meanwhile, support is at 1350.00 congestion. Below this will see room to support at 1340.00 congestion and trendline from 2023 year low.