Published: 2025-04-14T03:05:20.000Z
Chart USD/KRW Update: Consolidating sharp losses last week, room for lower
Technical Analyst
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Consolidating sharp losses from the 1587.00 high of last week at the 1418.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1464.00 | * | 28 Feb high | S1 | 1418.00 | * | 11 Apr low | |
| R3 | 1460.00 | * | congestion | S2 | 1411.00 | * | Nov high | |
| R2 | 1450.00 | * | congestion | S3 | 1400.00 | ** | April 2024 high | |
| R1 | 1440.00 | * | congestion | S4 | 1395.00 | ** | Jun high, 50% |
Asterisk denotes strength of level
03:00 GMT - Consolidating sharp losses from the 1587.00 high of last week at the 1418.00 low as prices unwind oversold intraday studies. However, this is expected to give way to renewed selling pressure later to further retrace the strong gains from the September low. Break will see room to the 1411.00 support from the November high. Below this will see scope to the 1400.00 level and high of April 2024. Lower still, will see room to 1395.00 June high and 50% Fibonacci level. Meanwhile, resistance is lowered to the 1450.00/1460.00 congestion which is expected to cap and sustain losses from the 1487.00 high.