Between August and September 2014, the Korean Kospi stock index deceived investors with one of the classic false breaks. A trap for bulls also generated by the same fake signal from UsdKrw (here on reverse scale). The strength of the South Korean Won brought the Asian currency to touch 1000 against Usd, but Abe ruined the party and the wave of downward in the Yen forced the Korean currency to back down with a devaluation of almost 10% from July 2014 against the US dollar. Now both the Won and the Kospi are approaching delicate technical support levels that would invite the purchase with an apparently favourable risk-return ratio. Obviously, a downward breakthrough of stock and currency would invalidate a trading range in place for 3 years now.
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