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Bears Need Close Below Php52.773...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php52.773
*RES 4: Php53.990 - 2006 High June 16 
*RES 3: Php53.620 - High June 29 2006 
*RES 2: Php53.440 - Low June 28 2006 now resistance 
*RES 1: Php53.147 - 2018 High June 12
*PRICE: Php53.037 @ 2300GMT
*SUP 1: Php52.773 - High May 30 now support 
*SUP 2: Php52.490 - Low June 8 
*SUP 3: Php52.267 - Low June 6 
*SUP 4: Php52.215 - 55-DMA
*COMMENTARY: Fresh 2018 & nearly 12 year highs continue with bulls now focused
on Php53.440-990 where levels last seen in June 2006 are located. Daily studies
have room to move before O/B is an issue although the Bollinger top (Php53.062)
is a concern and currently limits follow through. Initial support is noted at
Php52.773. Bears now need a close below this level to ease bullish pressure and
shift focus to Php52.056-490.

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