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Focus Shifts To July Highs *RES....>

DOLLAR-WON TECHS: Focus Shifts To July Highs
*RES 4: Krw1157.9 - Monthly High July 6
*RES 3: Krw1154.3 - Low July 7 now resistance
*RES 2: Krw1152.4 - 100-WMA
*RES 1: Krw1150.0 - High Sept 28
*PRICE: Krw1149.1 @ 2300GMT
*SUP 1: Krw1142.2 - 200-DMA
*SUP 2: Krw1137.5 - High Sept 26 now support
*SUP 3: Krw1133.0 - High Sept 25 now support
*SUP 4: Krw1129.6 - 55-DMA
*COMMENTARY: A gapping move higher and bullish close Thursday sees bullish
confidence boosted and bulls now focused on tests of July highs. The close well
above the Bollinger top (Krw1143.0) hints at the move being a little overdone
and suggests a dip back towards the 200-DMA. Bears now need a close below the
200-DMA to ease bullish pressure and below Krw1137.5 to shift focus lower. Bulls
look for a close above the 100-WMA to add support to their case.

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