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Bears Need Close Below Php51.090...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php51.090
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 2: Php51.700 - High Aug 3 2006 
*RES 1: Php51.630 - 2017 High Aug 18
*PRICE: Php51.240 @ 2300GMT
*SUP 1: Php51.090 - Alternating daily support/resistance 
*SUP 2: Php50.900 - Lows Aug 11 & 14 
*SUP 3: Php50.840 - High July 25 now support 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The lack of follow through on Friday's 2017 and 11year highs is
less than ideal for bulls given the move looking a little overbought and the
Bollinger top (Php51.549) limiting follow through. The Php51.090 support remains
key with bears looking for a close below to ease bullish pressure and shift
focus back to Php50.680. Bulls still need a close above Php51.700 to confirm
focus on Php52.085-560 last seen in July 2006.

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