Published: 2025-12-08T02:23:58.000Z
Chart USD/KRW Update: Consolidating test of 1475.00 resistance
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Little change, as prices consolidate test of resistance at 1475.00
| 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
02:10 GMT - Little change, as prices consolidate test of resistance at 1475.00. Bullish structure suggest scope for break here to expose the 1480.00 high to retest and further extend gains from the 1348.00 June low. Higher will expose the 1487.00 April current year high to retest. Meanwhile, support at the 1460.00 congestion underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to strong support at the 1450.00/1448.00 congestion area. Below this will trigger a top pattern at the 1480.00 high and see deeper pullback to retrace gains from the June low.