Published: 2025-04-04T02:47:18.000Z
Chart USD/KRW Update: Under pressure, focus return to 1427.00/1425.00 lows
Technical Analyst
1
Extending sharp losses following rejection from the 1477.00, January YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | ** | 2 Jan YTD, Mar highs | S1 | 1427.00 | * | Jan low | |
| R3 | 1460.00 | * | congestion | S2 | 1425.00 | ** | 24 Feb YTD low | |
| R2 | 1450.00 | * | congestion, 3 Apr low | S3 | 1417.00 | * | 38.2% Sep/Dec rally | |
| R1 | 1440.00 | * | congestion | S4 | 1411.00 | ** | Nov high |
Asterisk denotes strength of level
02:40 GMT - Extending sharp losses following rejection from the 1477.00, January YTD high. Focus return to the 1427.00/1425.00, January/February lows where reaction can be expected as intraday studies pushed deep into oversold areas. However, this is expected to give way to break later to extend the losses from the December 2024 year high. Lower will see room to 1417.00, 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 1440.00 congestion which is expected to cap and sustain losses from the 1477.00 high.