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Broad Sideways Trading Continues...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Broad Sideways Trading Continues
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1091.5 - 200-DMA
*RES 2: Krw1087.6 - High Mar 1
*RES 1: Krw1086.7 - High May 21
*PRICE: Krw1080.4 @ 2300GMT
*SUP 1: Krw1071.0 - 55-DMA
*SUP 2: Krw1065.3 - 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 Krw1091.5-1098.4 where the 200-DMA and 2018 high are located. Bears
need a close below the 55-DMA to return pressure to Krw1063.3 and below this
level to initially target 2018 lows (Krw1052.0). The Bollinger top is noted at
Krw1085.3 and currently limits follow through.

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