Published: 2025-07-15T02:39:48.000Z
Chart USD/KRW Update: Extending corrective gains
Technical Analyst
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Consolidation below the 1380.00 resistance has given way to break to extend gains from the June, current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | * | 16 Apr low | S1 | 1371.00 | * | 10 Jul low | |
| R3 | 1400.00 | * | Apr 2024 high, 38.2% | S2 | 1365.00 | * | 5 May low | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1360.00 | * | 26 May low | |
| R1 | 1390.00 | ** | Jun high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:35 GMT - Consolidation below the 1380.00 resistance has given way to break to extend gains from the June, current year low. Clearance see room for retest of the June high at 1390.00 which is expected to cap. Break here, if seen, will open up scope towards strong resistance at 1395.00/1400.00 area and 38.2% Fibonacci level. However, corrective gains are expected to give way to fresh selling pressure later where a later break of the 1371.00 support will open up room to the 1365.00/1360.00 area.