Published: 2026-07-01T02:43:33.000Z
Chart USD/KRW Update: Poised for retest of 1560.00 high
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Consolidation below 1550.00 has given way to break to extend gains from the 1505.00 mid-June low to approach 1560.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1597.00 | ** | 2009 multi-year high | S1 | 1540.00 | * | congestion | |
| R3 | 1590.00 | * | congestion | S2 | 1530.00 | * | congestion | |
| R2 | 1570.00 | * | congestion from Mar 2009 | S3 | 1520.00 | ** | congestion | |
| R1 | 1560.00 | ** | 5 Jun YTD high | S4 | 1505.00 | ** | 15 Jun low |
Asterisk denotes strength of level
02:40 GMT - Consolidation below 1550.00 has given way to break to extend gains from the 1505.00 mid-June low to approach 1560.00 high and channel resistance from 2025 year low. Reaction here can be expected but bullish prices action suggest potential for break to extend the underlying bull trend from the 2014 year low. Meanwhile, support is raised to 1540.00/1530.00 congestion area. Would take break here to fade the upside pressure and see room for pullback to strong support at the 1520.00/1505.00 congestion and mid-June low.