Published: 2025-06-13T02:42:56.000Z
Chart USD/KRW Update: Consolidating above 1351.00 low
Technical Analyst
2
Turned down from the 1375.00 mid-week bounce high to approach the 1351.00 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1395.00 | * | Jun 2024 high | S1 | 1351.00 | ** | 10 Jun YTD low, 50% | |
| R3 | 1385.00 | ** | 29 May high | S2 | 1340.00 | * | congestion, 8 Oct low | |
| R2 | 1375.00 | * | 11 Jun high | S3 | 1330.00 | * | congestion | |
| R1 | 1370.00 | * | congestion | S4 | 1320.00 | * | 61.8% 2023/2025 rally |
Asterisk denotes strength of level
02:40 GMT - Turned down from the 1375.00 mid-week bounce high to approach the 1351.00 low. Bounce at the 1352.00 low see prices unwinding over intraday and daily studies but consolidation here is expected to give way to renewed selling pressure later. Below 1351.00 low will further extend losses from the 1487.00 double top and see room to 1340.00 support. Meanwhile, resistance at the 1370.00/1375.00 area is expected to cap and sustain losses from the 1487.00, April YTD high.