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Above Php51.030 Targets 2017.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Above Php51.030 Targets 2017 High
*RES 4: Php51.470 - High Nov 8 
*RES 3: Php51.230 - High Nov 15 
*RES 2: Php51.030 - High Nov 20 
*RES 1: Php50.891 - Bollinger band top
*PRICE: Php50.835 @ 2300GMT
*SUP 1: Php50.740 - Low Jan 22 
*SUP 2: Php50.597 - 55-DMA 
*SUP 3: Php50.514 - 200-DMA 
*SUP 4: Php50.375 - Low Jan 16
*COMMENTARY: Bulls take comfort in gaining traction above 55 & 200-DMAs that see
immediate focus on Php51.030. Daily studies at O/B levels remains a concern for
bulls as does momentum divergence. In saying that, bears need a close below the
200-DMA to ease bullish pressure and below Php50.155 to end bullish hopes and
shift immediate focus back to 2018 lows (Php49.700). Above Php51.030 is needed
to target 2017 highs (Php51.850).

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