Published: 2026-07-29T02:47:34.000Z
Chart USD/KRW Update: Consolidating at 1451.00 low, but still heavy
1
Break of support at the 1460.00 congestion has seen extension to 1451.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 2024/2025 yr highs | S1 | 1451.00 | 28 Jul low | ||
| R3 | 1480.00 | * | congestion | S2 | 1440.00 | ** | May low | |
| R2 | 1472.00 | * | 21 Jul low | S3 | 1430.00 | * | Dec low | |
| R1 | 1460.00 | congestion | S4 | 1420.00 | ** | 26 Feb YTD low |
Asterisk denotes strength of level
02:45 GMT - Break of support at the 1460.00 congestion has seen extension to 1451.00 low. Daily studies are stretched but pressure remains on the downside and lower will see room for extension to retest the 1440.00 May low. Reaction here is expected but a later break cannot be ruled out to extend sharp losses from the 1560.00 high. Meanwhile, resistance is lowered to the 1460.00 congestion which should cap corrective bounce. Above the latter will see room for stronger corrective bounce to the 1472.00/1480.00 area.