At past 1770-1780 has acted as a good support for KOSPI and 1850 as a good resistance. Last day’s close was not good so I think that if it unable to cross 1840–1850 levels in early to middle days of this coming week then it may drop from here. Therefore the important level that needs to watch is 1750 in the downside.
KOSPI is not in much over-bought zone and it dropped rapidly in this month so a reversal is due. Where its retracement level is below 38.2% Fibonacci level, which is at 1864 level. So considering those it may test level around 1900 but crossing 1950 will be hard job for it.
KOSPI has different position from many of its peers; I will give more emphasis on the movements in early days of the coming week and on 1850 level.
NOTE: Please see the disclaimer of this blog.