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Bears Need Close Below Php50.900...>

DOLLAR-PHP TECHS: Bears Need Close Below Php50.900
*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: Php51.250 - High Sept 4
*PRICE: Php51.165 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.680 - High Aug 9 now support 
*SUP 4: Php50.639 - 55-DMA
*COMMENTARY: The correction lower from 2017 and 11year highs sees bears focused
on Php50.900 with a close below needed to shift focus to Php50.485-680 where the
55-DMA and bull channel base are located. Daily studies have corrected back to
more neutral levels. Bulls still need a close above Php51.390 to reconfirm focus
on tests of Php51.630-700 where 2017 highs are located.

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