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Bears Need Close Below Php52.381...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php52.381
*RES 4: Php53.071 - High July 3 2006 
*RES 3: Php52.940 - High July 25 2006 
*RES 2: Php52.770 - Bollinger band top 
*RES 1: Php52.718 - 2018 High May 25
*PRICE: Php52.595 @ 2300GMT
*SUP 1: Php52.381 - Low May 28 
*SUP 2: Php52.103 - 55-DMA 
*SUP 3: Php52.056 - High May 10 now support 
*SUP 4: Php51.911 - Daily Bull channel base
*COMMENTARY: Support emerging on dips back towards the 21 & 55-DMAs has resulted
in fresh 2018 & nearly 12yr highs although follow through has been lacking
courtesy of the Bollinger band top. Bulls now focus on Php53.940-53.071 last
seen in July 2006. Initial support is noted at Php52.381 with bears needing a
close below to gain breathing room and target a correction back to Php51.715-103
where the 5 & 100-DMAs and daily bull channel base are found.

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