Published: 2025-07-10T02:29:57.000Z
Chart USD/KRW Update: Extend consolidation below 1380.00
Technical Analyst
1
Little change, as prices extend consolidation below the 1380.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1400.00 | * | Apr 2024 high | S1 | 1365.00 | * | 5 May low | |
| R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | * | 26 May low | |
| R2 | 1390.00 | ** | Jun high | S3 | 1348.00 | ** | 30 Jun YTD low | |
| R1 | 1380.00 | * | congestion | S4 | 1340.00 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Little change, as prices extend consolidation below the 1380.00 resistance. Positive daily studies suggest room for further gains later, clearance will see extension to retest the June high at 1390.00 which is expected to cap. Break here, if seen, will see scope to the strong resistance at 1395.00/1400.00 area. However, corrective gains are expected to give way to fresh selling pressure later. Break of support at the 1365.00/1360.00 area will expose the 1350.00/1348.00 area to retest and see scope to extend the April losses.