Published: 2026-07-10T02:51:56.000Z
Chart USD/KRW Update: Consolidating at 1505.00/1500.00 support
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Consolidating test of the 1505.00/1500.00 support as prices unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1540.00 | * | congestion | S1 | 1500.00 | * | figure | |
| R3 | 1537.00 | ** | March high | S2 | 1490.00 | * | congestion | |
| R2 | 1530.00 | * | congestion | S3 | 1487.00 | ** | 2024/2025 year highs | |
| R1 | 1520.00 | * | congestion | S4 | 1480.00 | ** | congestion, 38.2% |
Asterisk denotes strength of level
02:50 GMT - Consolidating test of the 1505.00/1500.00 support as prices unwind oversold intraday and daily studies following sharp drop from the 1560.00 resistance. However, pressure remains on the downside and a later break will confirm a double top at the June/July highs and see deeper pullback to retrace strong gains from the 1440.00 May low. Lower will see extension to support at 1490.00/1487.00 area then the 1480.00 congestion and 38.2% Fibonacci retracement. Meanwhile, resistance at the 1520.00 congestion is expected to cap corrective bounce and sustain losses from the 1560.00 June current year high.