Published: 2025-05-26T02:58:09.000Z
Chart USD/KRW Update: Extending losses to fresh year low
Technical Analyst
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Under pressure as prices extend break of the 5the May low at 1365.00 to reach fresh year low at the 1360.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1360.00 | * | congestion | |
| R3 | 1400.00 | * | Apr 2024 high | S2 | 1350.00 | * | congestion | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1340.00 | ** | congestion, trendline | |
| R1 | 1380.00 | * | congestion | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Under pressure as prices extend break of the 5the May low at 1365.00 to reach fresh year low at the 1360.00 level. Negative daily and weekly studies suggest scope for break to further extend losses from the December/April double top and see room to the 1350.00 congestion. Lower still will see scope to retest trendline from the February 2023 low at 1340.00. Meanwhile, resistance is lowered to the 1380.00 congestion which is expected to cap and sustain losses from the 1425.00 resistance. Gains above here will see room for stronger bounce to 1395.00/1400.00.