Published: 2026-06-16T02:38:11.000Z
Chart USD/KRW Update: Consolidating, room to extend losses
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Edged up from the 1505.00 low as prices consolidate sharp losses from the 1560.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1570.00 | * | congestion from Mar 2009 | S1 | 1500.00 | ** | congestion, 50% | |
| R3 | 1560.00 | ** | 5 Jun YTD high | S2 | 1490.00 | * | congestion | |
| R2 | 1537.00 | ** | Mar high | S3 | 1486.00 | * | 61.8% May/Jun rally | |
| R1 | 1520.00 | * | congestion | S4 | 1480.00 | ** | Jan high, congestion |
Asterisk denotes strength of level
02:30 GMT - Edged up from the 1505.00 low as prices consolidate sharp losses from the 1560.00 high of last week. However, negative daily and overbought weekly studies keep pressure on the downside and suggest room to further retrace strong gains from the 1440.00 May low. Lower will see room to strong support at 1500.00/1490.00 congestion area and 50% Fibonacci level. Lower still, will see scope to 1486.00, 61.8% Fibonacci level. Meanwhile, resistance is lowered to 1520.00 congestion which is expected to cap and sustain losses from 1560.00 high.