Published: 2025-06-25T03:03:02.000Z
Chart USD/KRW Update: Focus on 1351.00 low
Technical Analyst
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Consolidating at the 1360.00 level as prices unwind oversold intraday studies following rejection from Monday's 1390.00 bounce high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1355.00 | intraday low | ||
| R3 | 1390.00 | ** | 23 Jun high | S2 | 1351.00 | ** | 10 Jun YTD low | |
| R2 | 1380.00 | * | congestion | S3 | 1340.00 | * | congestion | |
| R1 | 1365.00 | * | 5 May low | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Consolidating at the 1360.00 level as prices unwind oversold intraday studies following rejection from Monday's 1390.00 bounce high. Daily studies have turned down from overbought areas and suggest consolidation giving way to renewed selling pressure later. Lower will see scope for retest of the 1351.00 low and where break will further extend losses from the 1487.00, December/April double top. Meanwhile, resistance is lowered to the 1365.00 early-May low which is expected to cap and sustain losses from the 1390.00 high.