Published: 2026-07-23T03:27:25.000Z
Chart USD/KRW Update: Extending losses
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Consolidation at the 1480.00 level has given way to renewed selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1520.00 | * | congestion | S1 | 1465.00 | * | channel | |
| R3 | 1505.00 | ** | 15 Jun low | S2 | 1460.00 | * | congestion | |
| R2 | 1500.00 | * | congestion | S3 | 1455.00 | * | 50% 2025/2026 rally | |
| R1 | 1487.00 | * | 2024/2025 yr highs | S4 | 1440.00 | ** | May low |
Asterisk denotes strength of level
03:20 GMT - Consolidation at the 1480.00 level has given way to renewed selling pressure and break of the 1472.00 low see prices extend steep losses from the 1560.00 high. Daily studies are stretched but negative weekly studies keep pressure on the downside and see room to 1465.00 channel support from the June 2025 low and 1460.00 congestion. Meanwhile, resistance at the 1480.00 congestion and extending to 1487.00/1490.00 area now expected to cap. Gains above here, if seen, will see room for stronger bounce to the 1500.00/1505.00 resistance.