Published: 2025-06-24T03:00:58.000Z
Chart USD/KRW Update: Under pressure following rejection from 1390.00 high
Technical Analyst
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Limited above the 1380.00 resistance and rejection from 1390.00 high see pressure returning to the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | ** | Apr 2024 year high | S1 | 1365.00 | * | 5 May low | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | * | 29 May low | |
| R2 | 1390.00 | ** | 23 Jun high | S3 | 1351.00 | ** | 10 Jun YTD low | |
| R1 | 1380.00 | * | congestion | S4 | 1340.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Limited above the 1380.00 resistance and rejection from 1390.00 high see pressure returning to the downside. Daily studies have turned down from overbought areas and see the 1365.00/1360.00 support now at risk. Break here will return focus to the 1351.00 low and see scope for break to extend losses from the 1487.00, December/April double top. Meanwhile, resistance is lowered to the 1380.00 congestion which is expected to cap and sustain losses from the 1390.00 bounce high.