Published: 2026-01-12T03:01:48.000Z
Chart USD/KRW Update: Retracing December losses
-
Break above resistance at the 1460.00 congestion see prices retracing the December losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1484.00 | ** | Dec high | S1 | 1450.00 | * | congestion | |
| R3 | 1480.00 | ** | Nov high, congestion | S2 | 1440.00 | * | congestion | |
| R2 | 1470.00 | * | congestion | S3 | 1430.00 | ** | Dec low | |
| R1 | 1465.00 | * | congestion | S4 | 1420.00 | * | congestion |
Asterisk denotes strength of level
02:55 GMT - Break above resistance at the 1460.00 congestion see prices retracing the December losses. Clearance opens up room for extension to resistance at the 1465.00/1470.00 congestion area which is expected to cap. Clearance here, if seen, will expose the 1480.00/1484.00, November/December highs to retest. Corrective gains are expected to give way to renewed selling pressure later and break of support at the 1450.00 congestion will return focus to the downside. Below the 1430.00 low will extend the December losses and further retrace rally from the June low.