Published: 2025-11-27T02:27:26.000Z
Chart USD/KRW Update: Consolidating, room for lower later
-
No follow-through on break of support at the 1460.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | figure | S1 | 1460.00 | * | congestion | |
| R3 | 1487.00 | ** | 9 Apr YTD high | S2 | 1448.00 | ** | 14 Nov low | |
| R2 | 1480.00 | ** | 24 Nov high | S3 | 1440.00 | ** | congestion | |
| R1 | 1475.00 | * | 13 Nov high | S4 | 1435.00 | * | 14 Oct high |
Asterisk denotes strength of level
02:25 GMT - No follow-through on break of support at the 1460.00 congestion. Bounce see prices back in consolidation at the 1470.00 level but pressure remains on the downside and see scope for retest of the 1460.00 level. Break here will see room for deeper pullback to retrace gains from the 1348.00 June low to strong support at the 1450.00/1448.00 congestion and the 1440.00 level. Meanwhile, resistance is at the 1475.00 congestion which is expected to cap and sustain losses from resistance at the 1480.00 high.