Published: 2025-12-17T02:45:52.000Z
Chart USD/KRW Update: Poised to extend the June gains
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No follow-through on break of the 1480.00 November high but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1518.00 | ** | Nov 2008 year high | S1 | 1470.00 | * | congestion | |
| R3 | 1500.00 | * | figure | S2 | 1464.00 | * | 15 Dec low | |
| R2 | 1487.00 | ** | 9 Apr YTD high | S3 | 1460.00 | * | congestion | |
| R1 | 1480.00 | ** | 24 Nov high | S4 | 1448.00 | ** | 14 Nov low |
Asterisk denotes strength of level
02:40 GMT - No follow-through on break of the 1480.00 November high but pressure remains on the upside and highlight potential for break to extend gains from the June YTD low. Clearance, will expose 1487.00 the April current year high to retest and where reaction can be expected. A later break here will extend the broader gains from the 2014 year low and see room to the 1500.00 level. Meanwhile, support is raised to the 1470.00 congestion which extend to 1464.00 Monday's pullback low. This area now underpin and see break here needed to fade the upside pressure.