Published: 2026-01-09T02:52:10.000Z
Chart USD/KRW Update: Retracing December losses
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Consolidation below resistance at 1450.00 congestion has given way to break to further retrace the December losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1480.00 | ** | Nov high, congestion | S1 | 1450.00 | * | congestion | |
| R3 | 1470.00 | * | congestion | S2 | 1440.00 | * | congestion | |
| R2 | 1463.00 | * | 15 Dec low | S3 | 1430.00 | ** | Dec low | |
| R1 | 1460.00 | * | congestion | S4 | 1420.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Consolidation below resistance at 1450.00 congestion has given way to break to further retrace the December losses from 1484.00 high. Clearance opens up room for extension to resistance at the 1460.00 congestion area which is expected to cap. Corrective gains are expected to give way to fresh selling interest later. Break of support at the 1450.00/1440.00 congestion area will expose the 1430.00 low to retest. Below this will extend the December losses and further retrace rally from the June low to the 1420.00/1415.00 congestion area and 50% Fibonacci level.