Published: 2025-04-03T02:23:22.000Z
Chart USD/KRW Update: Limited pullback from 1477.00 resistance
Technical Analyst
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Little change, as prices settled back in consolidation from retest of the 1477.00 January YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | 12 Mar 2009 high | S1 | 1460.00 | * | congestion | |
| R3 | 1487.00 | ** | 27 Dec 2024 year high | S2 | 1450.00 | ** | congestion | |
| R2 | 1477.00 | ** | 2 Jan YTD high | S3 | 1440.00 | ** | congestion | |
| R1 | 1472.00 | * | 3 Feb high | S4 | 1427/1425 | ** | Jan low, 24 Feb YTD low |
Asterisk denotes strength of level
02:20 GMT - Little change, as prices settled back in consolidation from retest of the 1477.00 January YTD high. Daily studies are unwinding overbought readings and scope is seen for break of the 1460.00 support to open up room for deeper retracement of gains from the February current year low. Lower will see room to the 1450.00/1440.00 area. Break of the latter will return focus to the critical 1427.00 and 1425.00, January/February lows. Meanwhile, resistance at 1477.00 is expected to cap. Clearance here, but not expected, will expose the 1487.00, the 2024 year high to retest.