Published: 2026-05-05T02:45:54.000Z
Chart USD/KRW Update: Extend consolidation above 1470.00 support
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No follow-through on break of the 1472.00/1470.00 support as prices settled into consolidation within the 1480.00/1470.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | congestion | S1 | 1470.00 | * | congestion | |
| R3 | 1492.00 | ** | 29 Apr high | S2 | 1465.00 | * | congestion | |
| R2 | 1487.00 | * | 2024/2025 yr highs | S3 | 1460.00 | * | congestion | |
| R1 | 1480.00 | * | congestion | S4 | 1455.00 | ** | Apr low |
Asterisk denotes strength of level
02:40 GMT - No follow-through on break of the 1472.00/1470.00 support as prices settled into consolidation within the 1480.00/1470.00 area. Higher will see room to retest the 1487.00 resistance and 1492.00 high of last week. However, this area is expected to cap and give way to fresh selling pressure later. Would take break of the 1470.00 congestion to expose the 1465.00/1460.00 support to retest. Below these will return focus to the downside for retest of the 1455.00 April low and see room for deeper pullback to retrace February/March rally.