Korea
Support at 700 is important
22nd July: Still a bullish hope. But a fall below 700 would diminish
the chances of the bullish scenario. Otherwise, there is nothing to go
on. No tops, no bottoms. The presumption is therefore still bullish.
Current Prediction
Short term:
Medium term: none
Long term: none
Currency: reverse head and shoulders pointing to 1,160
See
new long term weekly charts with analysis
charts current to 19th July,
except where otherwise indicated
Nice scenario in pink still has a chance. But we will have to
wait a month or two before the pink pattern has a chance of taking shape.
Bottom support at around 700 is the critical one.
Supports and resistances. The channel in yellow is not yet confirmed. Next
support would be at 670, or not far from.
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A hope in pink.
Currency is heading to target of 1,160. Resistance in blue recently broken.