Chart USD/KRW Update: Under pressure, following rejection from 1560.00 resistance
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Under pressure, following rejection beneath the 1560.00, June current year high
Levels
Imp
Comment
Levels
Imp
Comment
R4
1590.00
*
congestion
S1
1530.00
*
congestion
R3
1570.00
*
congestion from Mar 2009
S2
1520.00
**
congestion
R2
1560.00
**
5 Jun YTD high
S3
1505.00
**
15 Jun low
R1
1550.00
congestion
S4
1500.00
figure
Asterisk denotes strength of level
02:30 GMT - Under pressure, following rejection beneath the 1560.00, June current year high. Break of 1540.00 support see room for deeper pullback to support at 1530.00 then the 1520.00 May high. Lower still, will see room to strong support at the 1505.00 mid-June low and the 1500.00 figure. Below these will see deeper pullback retrace strong gains from the 1440.00 May low. Meanwhile, resistance is lowered to the 1550.00 congestion which is expected to cap and sustain pullback from the 1560.00 June current year high.