Expect USD/KRW to loose upward momentum in short-term, while possibility of tumbling seems to be limited

With a chart analysis, especially in monthly candle of USD/KRW to suggest longer-term view, we could see both of current candle and lagging span met the negative cloud consist of 1st leading spans. While the fear of currency war by Chinese RMB devaluation weighs on KRW, current level of USD/KRW seems somewhat high in short-term. There should be stronger momentum than now for additional depreciation like a few cases earlier, but upward pressure would be moderate for now.

In contrast, in a longer-term, the leading span is transforming to positive as 1st lead rose higher than 2st lead, which means downward pressure of exchange rate would be small as well. Rather, USD/KRW will more likely soar in longer-term...with chart analysis...

USD/KRW, Monthly Candle for long-term period