Published: 2025-07-04T02:53:48.000Z
Chart USD/KRW Update: Room to extend bounce from 1348.00 low
Technical Analyst
1
Consolidation above the 1348.00 low turning higher to pressure resistance at the 1360.00/1365.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1348.00 | ** | 30 Jun YTD low | |
| R3 | 1390.00 | ** | 23 Jun high | S2 | 1345.00 | * | 2023 trend line | |
| R2 | 1380.00 | * | congestion | S3 | 1340.00 | * | congestion | |
| R1 | 1365.00 | * | 5 May low | S4 | 1330.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidation above the 1348.00 low turning higher to pressure resistance at the 1360.00/1365.00 area as prices unwind the oversold daily studies. 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 1395.00/1400.00 area. Corrective gains are expected to give way to renewed selling pressure later and break of the 1350.00/1348.00 area will see room to the trendline from the 2023 year low at 1345.00 then 1340.00 congestion.