Published: 2025-05-28T02:55:11.000Z
Chart USD/KRW Update: Extending bounce from 1360.00 low
Technical Analyst
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Higher in consolidation as prices extend bounce from fresh year low at 1360.00 and unwind the deep oversold daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | ** | Apr 2024 high | S1 | 1365.00 | * | 5 May low | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | ** | 26 May YTD low | |
| R2 | 1390.00 | * | congestion | S3 | 1350.00 | * | congestion | |
| R1 | 1380.00 | * | congestion | S4 | 1340.00 | ** | congestion, trendline |
Asterisk denotes strength of level
02:45 GMT - Higher in consolidation as prices extend bounce from fresh year low at 1360.00 and unwind the deep oversold daily and weekly studies. Above 1370.00 level see room for stronger gains to the 1380.00 congestion and 1387.00/1390.00 area. Gains beyond this, will open up room for stronger bounce to strong resistance at 1395.00/1400.00, June/April highs. Corrective gains are expected to give way to renewed selling pressure later to retest the 5 May low at 1365.00 then the 1360.00, 26 May YTD low.