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Bullish Pressure Eased *RES 4:.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bullish Pressure Eased
*RES 4: Php52.862 - Daily Bull channel top 
*RES 3: Php52.560 - Low July 18 2006 now resistance 
*RES 2: Php52.552 - 2018 High Mar 23 
*RES 1: Php52.235 - Alternating daily support/resistance
*PRICE: Php52.131 @ 2300GMT
*SUP 1: Php52.056 - 21-DMA 
*SUP 2: Php51.959 - Low Mar 21 
*SUP 3: Php51.945 - Daily Bull channel base off Feb 23 low 
*SUP 4: Php51.853 - Low Mar 16
*COMMENTARY: Fresh 2018 & 12 year highs have lacked follow through with Monday's
sell-off easing bullish pressure. Bears now look for a close below Php51.853 to
shift initial focus back to the 55-DMA (Php51.628). Bulls now look for a close
above Php52.235 to gain breathing room and above Php52.560 to confirm focus on
Php52.847-850 where July 2006 monthly highs are located.

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