Published: 2025-08-06T02:18:57.000Z
Chart USD/KRW Update: Consolidating, room for lower later
Technical Analyst
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Edged up from the 1383.00 low as prices consolidate losses from the 1406.00 high of last Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1365.00 | ** | 24 Jul low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1360.00 | * | 26 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:15 GMT - Edged up from the 1383.00 low as prices consolidate losses from the 1406.00 high of last Friday and unwind oversold intraday studies. However, the pin bar from the latter and negative daily studies suggest consolidation giving way to fresh selling pressure later. Lower will see room to target the 1380.00 support and where break will open up the strong support at 1365.00/1360.00 to retest. Meanwhile, resistance at the 1395.00/1400.00 area is expected to cap and sustain rejection from the 1406.00 high.