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Pressuring Bear Channel Top *RES...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Pressuring Bear Channel Top
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1087.6 - High Mar 1
*RES 2: Krw1085.6 - Bollinger band top
*RES 1: Krw1080.6 - Daily Bear channel top off Sept high
*PRICE: Krw1080.01 @ 2300GMT
*SUP 1: Krw1075.8 - Alternating daily support/resistance
*SUP 2: Krw1072.1 - 21-DMA
*SUP 3: Krw1059.5 - Low Mar 6
*SUP 4: Krw1058.6 - Bollinger band base
*COMMENTARY: An aggressive reversal of failures around the 21 & 55-DMAs sees
immediate pressure on the daily bear channel top off Sept highs. Bulls look for
a close above to hint at a move targeting the 2018 high with above Krw1087.6 to
confirm. Bears now look for a close below the 21-DMA to ease pressure on the
bear channel top and return focus to Krw1059.5-1063.4 and below this region to
pressure 2018 lows (Krw1054.7).

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