Published: 2025-04-01T02:48:03.000Z
Chart USD/KRW Update: Settled back from retest of 1477.00, January YTD high
Technical Analyst
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No follow-through on break above the February high at 1472.00 as prices turned lower from retest of the 1477.00, January YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | 12 Mar 2009 high | S1 | 1460.00 | * | congestion | |
| R3 | 1487.00 | ** | 27 Dec 2024 year high | S2 | 1450.00 | ** | congestion | |
| R2 | 1477.00 | * | 2 Jan YTD high | S3 | 1440.00 | ** | congestion | |
| R1 | 1472.00 | * | 3 Feb high | S4 | 1427/1425 | ** | Jan low, 24 Feb YTD low |
Asterisk denotes strength of level
02:45 GMT - No follow-through on break above the February high at 1472.00 as prices turned lower from retest of the 1477.00, January YTD high. The daily studies are unwinding overbought readings and suggest scope for pullback to the 1460.00 support. Below this will see room to retest the 1450.00/1440.00 support. Break of the latter will return focus to the critical 1427.00 and 1425.00, January/February lows. Meanwhile, 1472.00 resistance is expected to cap and sustain rejection from the 1477.00 resistance.