Published: 2026-01-05T02:52:12.000Z
Chart USD/KRW Update: Retracing the December losses
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Extending bounce from the 1430.00 December low as prices retrace sharp losses from the 1484.00, 23 December high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1470.00 | * | congestion | S1 | 1440.00 | * | congestion | |
| R3 | 1463.00 | * | 15 Dec low | S2 | 1430.00 | ** | Dec low | |
| R2 | 1460.00 | * | congestion | S3 | 1420.00 | * | congestion | |
| R1 | 1450.00 | * | congestion | S4 | 1415.00 | * | 16 Oct low, 50% |
Asterisk denotes strength of level
02:45 GMT - Extending bounce from the 1430.00 December low as prices unwind oversold daily studies and retrace sharp losses from the 1484.00, 23 December high. Break above the 1440.00 level see room to resistance at the 1450.00 and 1460.00 congestion area. Meanwhile, support is raised to the 1440.00 level and break here will expose the 1430.00 low to retest. Break of these will extend losses from the Decemner high to retrace rally from the June low to the 1420.00/1415.00 congestion area and 50% Fibonacci level.