Published: 2026-05-18T02:30:18.000Z
Chart USD/KRW Update: Room to extend gains
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Pressure remains on the upside and see room to retest of the Friday's high at 1507.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1537.00 | ** | 31 Mar YTD high | S1 | 1500.00 | ** | 13 May high, congestion | |
| R3 | 1520.00 | ** | congestion | S2 | 1492.00 | * | congestion | |
| R2 | 1510.00 | * | congestion | S3 | 1480.00 | ** | congestion | |
| R1 | 1507.00 | * | 15 May high | S4 | 1470.00 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Pressure remains on the upside and see room to retest of the Friday's high at 1507.00. Positive daily and weekly studies suggest scope for break here to further extend gains from the 1440.00 low and channel support from the June 2025 year low. Higher will see room for extension to the strong resistance at the 1510.00/1520.00 congestion area. Meanwhile, support is raised to 1500.00 level which extend to the 1492.00/1490.00 congestion area which should underpin. Would take break here to return focus to the downside for retest of 1480.00 congestion and lower.