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Bears Focused On 100-DMA *RES 4:...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Focused On 100-DMA
*RES 4: Php51.295 - High Sept 15 
*RES 3: Php51.163 - Daily Bear channel top 
*RES 2: Php51.030 - 21-DMA 
*RES 1: Php50.839 - 55-DMA
*PRICE: Php50.710 @ 2300GMT
*SUP 1: Php50.550 - Low Aug 9 
*SUP 2: Php50.830 - High Aug 2 now support 
*SUP 3: Php50.417 - 100-DMA 
*SUP 4: Php50.250 - Monthly Low Aug 7
*COMMENTARY: Having supported on dips since June, bears take comfort in closes
below the 55-DMA that see immediate focus currently on the 100-DMA. Overall
below the 200-DMA (Php50.177) is needed to end bullish hopes and shift focus
back to Php49.365 June lows. Layers of resistance are weighing with bulls
needing a close above the 55-DMA to ease bearish pressure and above Php51.390 to
return focus to 2017 highs.

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