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Broad Sideways Trading Continues...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Broad Sideways Trading Continues
*RES 4: Krw1093.2 - 200-DMA
*RES 3: Krw1087.6 - High Mar 1
*RES 2: Krw1085.5 - High Mar 23
*RES 1: Krw1083.5 - High May 16
*PRICE: Krw1079.4 @ 2300GMT
*SUP 1: Krw1074.0 - 21-DMA
*SUP 2: Krw1063.9 - Bollinger band base
*SUP 3: Krw1063.3 - Low May 10
*SUP 4: Krw1058.7 - Low Apr 19
*COMMENTARY: Topside follow through remains lacking as the pair remains capped
ahead of the Krw1087.6 resistance. Bulls need a close above Krw1087.6 to confirm
focus on Krw1093.6-1098.4 where the 200-DMA and 2018 high are located. Bears
need a close below the 21-DMA to return pressure to Krw1063.3 and below this
level to initially target 2018 lows (Krw1052.0). Daily studies are at neutral
levels and giving away few clues.

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