Published: 2025-12-15T03:08:01.000Z
Chart USD/KRW Update: Retest November high
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Break above the 1475.00 resistance has seen extension to retest the 1480.00 November high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1518.00 | ** | 2008 year high | S1 | 1470.00 | * | congestion | |
| R3 | 1500.00 | * | figure | S2 | 1464.00 | * | 3 Dec low | |
| R2 | 1487.00 | ** | 9 Apr YTD high | S3 | 1460.00 | * | congesion | |
| R1 | 1480.00 | ** | Nov high | S4 | 1448.00 | ** | 14 Nov low |
Asterisk denotes strength of level
02:50 GMT - Break above the 1475.00 resistance has seen extension to retest the 1480.00 November high. The resulting ascending triangle suggest scope for break here to extend gains from the 1348.00, June low. Clearance will expose the April YTD high at 1487.00 to retest and where reaction can be expected. Meanwhile, support is raised to support at the 1470.00/1464.00 congestion and 3rd December low. This area and the 1460.00 congestion now expected to underpin on corrective pullback. Would take break here to fade the upside pressure and open up room for deeper pullback to retrace gains from the YTD June low.