Published: 2026-07-30T02:57:29.000Z
Chart USD/KRW Update: Still weak, but stretched
1
Pressure remains on the downside but no follow-through on break of the 1440.00 support as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1470.00 | * | congestion | S1 | 1440.00 | ** | May low | |
| R3 | 1465.00 | * | channel | S2 | 1430.00 | * | Dec low, 61.8% | |
| R2 | 1460.00 | * | congestion | S3 | 1420.00 | ** | 26 Feb YTD low | |
| R1 | 1450.00 | congestion | S4 | 1415.00 | 16 Oct low |
Asterisk denotes strength of level
02:50 GMT - Pressure remains on the downside but no follow-through on break of the 1440.00 support as prices unwind oversold intraday studies. Daily and weekly studies are stretched as well and suggest scope for corrective bounce from the 1440.0/1430.00 area to consolidate sharp losses from the 1560.00 high. Meanwhile, resistance is lowered to the 1450.00 congestion. Above here will see room for stronger bounce to resistance at the 1460.00/1465.00 congestion and previous channel support from the June 2025 year low.