Published: 2025-11-11T02:34:03.000Z
Chart USD/KRW Update: Extending gains, but stretched
1
Consolidation below the 1462.00 Friday's high has given way to break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 2024 year, 9 Apr YTD highs | S1 | 1450.00 | * | congestion | |
| R3 | 1480.00 | congestion | S2 | 1446.00 | * | congestion | ||
| R2 | 1477.00 | Mar high | S3 | 1440.00 | ** | congestion | ||
| R1 | 1470.00 | * | congestion | S4 | 1425.00 | * | Feb low, congestion |
Asterisk denotes strength of level
02:25 GMT - Consolidation below the 1462.00 Friday's high has given way to break to extend strong gains from the 1425.00/1420.00 area. While the daily and weekly studies are stretched bullish momentum keep focus firmly on the upside and see room for extensikon to 1470.00/1477.00, congestion and March high. Beyond this will expose the 1487.00, April current year high to retest. Meanwhile, support is raised to the 1450.00 congestion. Below this will likely pause the bullish gains and see room for deeper pullback to the 1446.00/1440.00 congestion area.