Published: 2025-03-25T03:03:40.000Z
Chart USD/KRW Update: Consolidating test of 1472.00 resistance, scope for break
Technical Analyst
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Little change, as prices onsolidate test of the February high at 1472.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 27 Dec 2024 year high | S1 | 1460.00 | * | congestion | |
| R3 | 1477.00 | * | 2 Jan YTD high | S2 | 1450.00 | ** | congestion | |
| R2 | 1474.00 | * | 10 Jan 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
03:00 GMT - Little change, as prices onsolidate test of the February high at 1472.00. Clearance here, will turn focus to the 1474.00/1477.00 highs. Beyond this, but not expected, will return focus to the 1487.00, December 2024 year high. Gains are seen corrective and expected to give way to fresh selling pressure later. Meanwhile, support is raised to the 1460.00 congestion and see break here needed to fade the upside pressure and see return to the 1450.00/1440.00 support. Break here will open up the critical 1427.00 and 1425.00, January/February lows to retest.