Published: 2026-07-08T02:56:55.000Z
Chart USD/KRW Update: Extending losses
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Break of the 1530.00 level see prices extending sharp losses from the 1559.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1540.00 | * | congestion | S1 | 1505.00 | ** | 15 Jun low | |
| R3 | 1537.00 | ** | March high | S2 | 1500.00 | figure | ||
| R2 | 1530.00 | * | congestion | S3 | 1490.00 | * | congestion | |
| R1 | 1520.00 | * | congestion | S4 | 1487.00 | ** | 2024/2025 year highs |
Asterisk denotes strength of level
02:50 GMT - Break of the 1530.00 level see prices extending sharp losses from the 1559.00 high of last week. Negative daily and weekly studies keep pressure on the downside and the 1505.00 mid-June low within reach. Would expect reaction here but a later break will confirm a double top at the June/July highs and see deeper pullback to retrace strong gains from the 1440.00 May low. Meanwhile, resistance is lowered to the 1520.00/1530.00 congestion area which is expected to cap and sustain losses from the 1560.00 June current year high.