USD/KRW Retreats From 1,560 YTD High as Overbought Signals Trigger Pullback
Updated
Updated · continuumeconomics.com · Jun 8
USD/KRW Retreats From 1,560 YTD High as Overbought Signals Trigger Pullback
2 articles · Updated · continuumeconomics.com · Jun 8
Summary
USD/KRW eased from 1,560.00 at 03:00 GMT, with the pair pulling back as overbought daily indicators unwound after a sharp run-up.
Support starts at 1,537.00 — the March high — and a break below that would expose 1,520.00, the May high that analysts see as stronger underpinning.
A fall through 1,520.00 would weaken the bullish tone and open a deeper correction of gains built from the 1,440.00 May low.
Resistance remains at 1,560.00, while a fresh break higher would target 1,570.00; the move follows recent won volatility that had prompted Seoul to warn against speculative trading.