The US Dollar has retraced the latest counter rally against the South Korean Won. Resistance was encountered at W1102; at the 50-day moving average. Now, the rate probes support at W1083.22; at the longer-term MA line. A breach will extend the short-term downtrend towards the January floor at W1072.15.
It is worth pointing out that the broader pattern is looking rather top heavy. A break under the early-2015 platform would complete the formation. We would consider selling such a breakout (through W1072.15), for the scope towards the W1040 region.