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(U2) Edging Closer to Key Support


A Few Tweaks On Friday


Bouncing Ahead of 200-DMA Support

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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: Php51.240 - High Aug 29
*PRICE: Php51.130 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.866 - 21-DMA 
*SUP 3: Php50.840 - High July 25 now support 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The correction lower from 2017 and 11year highs sees bears focused
on the 21-DMA with a close below needed to shift focus to Php50.485-550 where
the 55-DMA and bull channel base are located. Daily studies have corrected back
to more neutral levels. Bulls now need a close above Php51.390 to reconfirm
focus on tests of Php51.630-700 where 2017 highs are located.

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