Kospi likely to test 227.00 Support

Trade still has the potential to weaken the MACD, stochastic and RSI in the 4-hour chart, signaling a potential bearish. 227.00 support area nearby penetration may add pressure on prices to target the next support 224.90 before prices can approach the 222.90 key support. On the other hand, immediate resistance lies near the 231.00 area. Consistency rise above this area could provide further impetus for aiming the strengthening of 233.00 and key resistance at 235.00 area.

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