Published: 2025-06-19T02:49:25.000Z
Chart USD/KRW Update: Extending gains
Technical Analyst
2
Extending gains from the 1351.00 low to retest the 1385.00, 29 May high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | May low | S1 | 1370.00 | * | congestion | |
| R3 | 1400.00 | ** | Apr 2024 year high | S2 | 1360.00 | * | 29 May low | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1351.00 | ** | 10 Jun YTD low, 50% | |
| R1 | 1385.00 | ** | 29 May high | S4 | 1340.00 | * | congestion, 8 Oct low |
Asterisk denotes strength of level
02:40 GMT - Extending gains from the 1351.00 low to retest the 1385.00, 29 May high. Consolidation here see prices unwinding overbought intraday studies but this is expected to give way to renewed buying pressure later as positive daily studies continues to track higher. Higher will see room to extend corrective bounce to retrace losses from the 1487.00 December/April double top to strong resistance at 1395.00/1400.00, June/April 2024 year highs. Meanwhile, support is raised to 1370.00 to sustain gains from the 1352.00/1351.00 lows.