Published: 2025-07-03T02:19:46.000Z
Chart USD/KRW Update: Range-bound in consolidation above 1348.00 low
Technical Analyst
1
Range-bound above the 1348.00 low as prices consolidate losses from the 1390.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1348.00 | ** | 30 Jun YTD low | |
| R3 | 1390.00 | ** | 23 Jun high | S2 | 1345.00 | * | 2023 trend line | |
| R2 | 1380.00 | * | congestion | S3 | 1340.00 | * | congestion | |
| R1 | 1365.00 | * | 5 May low | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:15 GMT - Range-bound above the 1348.00 low as prices consolidate losses from the 1390.00 high of last week. Daily studies are oversold and caution corrective bounce with resistance starting at the 1360.00/1365.00, previous May lows, which are expected to cap. Clearance here will open up room for corrective bounce to resistance at the 1380.00 congestion. Corrective gains are expected to give way to renewed selling pressure later and break of the 1350.00/1348.00 area will see room to the trendline from the 2023 year low at 1345.00 and 1340.00 congestion.