USD/KRW To Have Mildly Bearish Tone

USD/KRW to have mildly bearish tone; however, traders will be wary of aggressively selling USD as BOK suspected of having supported USD/KRW below 1,180 yesterday to counter won strength. Continued failure to break above 1,200 mark in August 'significantly hampered' market''''s recent long-dollar bias and pair may keep to 1,170-1,200 trading range in near term, said local bank trader. Dow Jones technical analysis shows immediate support at 1,777.60 (yesterday''''s low), below at 1,556 (Aug low). Initial resistance at 1,209 (July 22 high), above at 1,234 (July 6 peak).