Japan and Korean ETFs on the Rise

The iShares MSCI Japan ETF (AMEX: 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 (NYSE: 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.