Published: 2026-07-21T02:37:50.000Z
Chart USD/KRW Update: Consolidating sharp losses
-
Consolidating test of the 200-day MA at 1476.00 as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1520.00 | * | congestion | S1 | 1476.00 | * | 200-day MA | |
| R3 | 1505.00 | ** | 15 Jun low | S2 | 1470.00 | * | congestion | |
| R2 | 1500.00 | * | congestion | S3 | 1460.00 | * | congestion | |
| R1 | 1487.00 | * | 2024/2025 yr highs | S4 | 1455.00 | * | 50% 2025/2026 rally |
Asterisk denotes strength of level
02:30 GMT - Consolidating test of the 200-day MA at 1476.00 as prices unwind oversold intraday studies. However, pressure remains on the downside and break here will further extend losses from the June high to retrace gains from the June 2025 year low. Lower will see room for extension to 1470.00/1460.00 congestion and channel support. Meanwhile, resistance remains at 1487.00/1490.00, 2024/2025 year highs and congestion area. Gains above here, if seen, will see room for stronger bounce to strong resistance at 1500.00/1505.00 area.