Published: 2025-07-07T02:46:41.000Z
Chart USD/KRW Update: Room to extend bounce from 1348.00 low
Technical Analyst
1
Edging higher from the 1348.00 low as prices unwind the daily studies to reach 1370.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1360 | * | May low | |
| R3 | 1390.00 | ** | 23 Jun high | S2 | 1348.00 | ** | 30 Jun YTD low | |
| R2 | 1380.00 | * | congestion | S3 | 1345.00 | * | 2023 trend line | |
| R1 | 1370.00 | * | 3 Jul high | S4 | 1340.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Edging higher from the 1348.00 low as prices unwind the daily studies to reach 1370.00 level. Clearance here will open up room for stronger corrective bounce to retrace losses from the April high to resistance at the 1380.00 congestion. Beyond this will expose strong resistance at 1390.00 and the 1395.00/1400.00 area. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is raised to 1360.00 and break here will expose the 1350.00/1348.00 area to retest. Below this will see room to the trendline from the 2023 year low at 1345.00 then 1340.00 congestion.