Published: 2026-05-15T02:37:42.000Z
Chart USD/KRW Update: Room to extend gains
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Consolidation at the 1492.00/1490.00 area has given way to bounce to retest the 1500.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1537.00 | ** | 31 Mar YTD high | S1 | 1492.00 | * | congestion | |
| R3 | 1520.00 | * | congestion | S2 | 1480.00 | ** | congestion | |
| R2 | 1510.00 | * | congestion | S3 | 1460.00 | * | congestion | |
| R1 | 1500.00 | ** | 13 May high, congestion | S4 | 1455.00 | * | Apr low |
Asterisk denotes strength of level
02:25 GMT - Consolidation at the 1492.00/1490.00 area has given way to bounce to retest the 1500.00 level. Positive daily studies suggest scope for break here to further extend gains from the 1440.00 low and see room for extension to the 1510.00/1520.00 congestion area. Meanwhile, support is raised to 1492.00/1490.00 congestion area which should underpin. Would take break here and the 1480.00 support to return focus to the downside for retest of the 1470.00/1460.00 congestion area. Below these will expose the 1455.00 and 1440.00 lows to retest.