The iShares MSCI Japan ETF (EWJ) has gapped up and popped above its nearest-term weekly resistance line at 14.63, which should trigger upside follow-through towards a test of its intermediate-term resistance line, now at 15.00. Meanwhile, the Korea Fund (KF) appears to have completed a pullback last week, and has pivoted to the upside for another confrontation with its intermediate-term resistance line, now at 41.09 -- and with its prior rally peak at 41.20 -- which should be hurdled on the way to 43.00.



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.