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Bears Need Close Below Php50.485...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php50.485
*RES 4: Php51.090 - Low Aug 17 2006 
*RES 3: Php50.965 - Bollinger band top 
*RES 2: Php50.950 - 2017 High July 20 
*RES 1: Php50.840 - High July 25
*PRICE: Php50.795 @ 2300GMT
*SUP 1: Php50.680 - High Aug 9 now support 
*SUP 2: Php50.550 - Low Aug 9 
*SUP 3: Php50.485 - High Aug 2 now support 
*SUP 4: Php50.250 - Low Aug 7
*COMMENTARY: The close above the 21-DMA Wednesday has been followed up with
gains that sees bulls focused on Php50.840-950 where 2017 highs are situated.
Bulls need a close above 2017 highs to reconfirm a bullish bias and shift focus
to Php51.090-600. Layers of support are accumulating with bears now needing a
close below Php50.485 to confirm an easing of bullish pressure and see focus
return to Php50.108-250 where 55 & 100-DMAs are situated.

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