Published: 2025-07-02T02:46:14.000Z
Chart USD/KRW Update: Higher in consolidation from 1348.00 low
Technical Analyst
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Turned up from the 1348.00 low as prices consolidate losses from the 1390.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1350.00 | ** | congestion | |
| R3 | 1390.00 | ** | 23 Jun high | S2 | 1345.00 | * | 2023 trend line | |
| R2 | 1380.00 | * | congestion | S3 | 1340.00 | * | congestion | |
| R1 | 1365.00 | * | 5 May low | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Turned up from the 1348.00 low as prices unwind the oversold intraday studies and consolidate losses from the 1390.00 high of last week. However, further losses cannot be ruled out and lower will see room to the trend line from the 2023 low at 1345.00. Daily studies are still tracking lower but deep into oversold areas and caution corrective bounce. Meanwhile, resistance at the 1360.00/1365.00 May lows are expected to cap. Would need lift over this area will open up room for stronger corrective bounce to resistance at the 1380.00 congestion.