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Bears Focused On 21-DMA *RES 4:....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Focused On 21-DMA
*RES 4: Php51.700 - High Aug 3 2006 
*RES 3: Php51.630 - 2017 High Aug 18 
*RES 2: Php51.390 - Low Aug 18 now resistance 
*RES 1: Php51.145 - High Aug 28
*PRICE: Php51.080 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.813 - 21-DMA 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The lack of follow through on 2017 and 11year highs has resulted in
a close below Php51.090, easing bullish pressure and shifting immediate focus
back to Php50.813-900 where the 21-DMA is located. Correcting O/B daily studies
are adding weight to the bearish case. Bulls now look for a close above
Php51.145 to gain breathing room and above Php51.390 to reconfirm initial focus
on tests of Php51.630-700.

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