Published: 2025-03-05T02:47:45.000Z
Chart USD/KRW Update: Leaning lower in consolidation
Technical Analyst
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Leaning lower in range from the 1464.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 27 Feb 2024 year high | S1 | 1450.00 | * | 28 Feb low | |
| R3 | 1477.00 | ** | 2 Jan YTD high | S2 | 1440.00 | * | congestion | |
| R2 | 1472.00 | ** | 3 Feb high | S3 | 1427.00 | * | Jan low | |
| R1 | 1464.00 | ** | 28 Feb high | S4 | 1425.00 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:40 GMT - Leaning lower in range from the 1464.00 high of last week as prices consolidate strong run-up from the 1425.00 low and unwind overbought intraday studies. Daily studies are overbought and see room for pullback to support starting at 1450.00 and extending to the 1440.00 congestion. This area now underpin and break here will return focus to the downside for retest of the 1427.00 and 1425.00 lows. Below these will extend the broader losses from the 1487.00 high of December to retrace rally from the September low.