Published: 2025-05-30T03:01:24.000Z
Chart USD/KRW Update: Limited above 1380.00
Technical Analyst
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Back in consolidation below congestion at 1380.00 following rejection from 1385.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | ** | Apr 2024 high | S1 | 1370.00 | * | congestion | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1365.00 | * | 5 May low | |
| R2 | 1385.00 | * | 29 May high | S3 | 1360.00 | ** | 26 May YTD low | |
| R1 | 1380.00 | * | congestion | S4 | 1350.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Back in consolidation below congestion at 1380.00 following rejection from 1385.00 congestion. The latter now expected to cap and sustain losses from the 1425.00 resistance. Below 1370.00 congestion will expose the 1365.00/1360.00 lows to retest and see room to further extend losses from the 1487.00, December/April double top. Lower will see room to 1350.00 congestion then 1340.00, trendline from 2023 year low. Meanwhile, resistance at 1380.0/1385.00 expected to cap. Only above these will see room for strong corrective bounce.