Published: 2025-12-23T02:55:33.000Z
Chart USD/KRW Update: Extending gains
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Consolidation below the 1480.00 November high has given way to break to extend gains from the June YTD low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1530.00 | * | congestion | S1 | 1475.00 | * | congestion | |
| R3 | 1518.00 | ** | Nov 2008 year high | S2 | 1464.00 | * | 15 Dec low | |
| R2 | 1500.00 | * | figure | S3 | 1460.00 | * | congestion | |
| R1 | 1487.00 | ** | 9 Apr YTD high | S4 | 1448.00 | ** | 14 Nov low |
Asterisk denotes strength of level
02:50 GMT - Consolidation below the 1480.00 November high has given way to break to extend gains from the June YTD low. Focus now turn to the 1487.00 April current year high where reaction can be expected. Positive daily and weekly studies suggest scope for break later to extend the broader gains from the 2014 year low. Higher will see room for extension to the 1500.00 level. Meanwhile, support at the 1475.00/1470.00 congestion area should now underpin. Would take break here and the 1464.00 low of last week to fade the upside pressure and see deeper pullback to retrace gains from the June low.