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Bulls Need Close Above Krw1133.8...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Bulls Need Close Above Krw1133.8
*RES 4: Krw1144.1 - High Aug 18
*RES 3: Krw1140.1 - Low Aug 18 now resistance
*RES 2: Krw1133.8 - High Sept 4
*RES 1: Krw1133.4 - 55-DMA
*PRICE: Krw1131.1 @ 2300GMT
*SUP 1: Krw1128.5 - Low Sept 4
*SUP 2: Krw1119.0 - Low Aug 28
*SUP 3: Krw1118.5 - Bollinger band base
*SUP 4: Krw1114.3 - High July 27 now support
*COMMENTARY: Daily studies correcting from O/S remain the key concern for bears
and provided the impetus for a gapping move higher that sees the pair flirting
with the 55-DMA. Bulls need a close above Krw1133.8 to confirm a shift in focus
to Krw1140.1-1148.1 where the 200-DMA (Krw1145.6) is located. Initial support is
noted at Krw1128.5 with bears needing a close below to ease pressure on
Krw1133.4-1133.8 and initially target Krw1119.0.

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