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Bulls Need Close Above 21-DMA......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above 21-DMA
*RES 4: Php51.025 - 55-DMA 
*RES 3: Php50.962 - 100-DMA 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.587 - 21-DMA
*PRICE: Php50.445 @ 2300GMT
*SUP 1: Php50.300 - Low Dec 11 
*SUP 2: Php50.240 - Monthly Low Nov 29 
*SUP 3: Php50.140 - Monthly Low Aug 4 
*SUP 4: Php49.970 - Low June 20
*COMMENTARY: The lack of follow through on pops above the 200-DMA (Php50.514) is
a concern for bulls who continue to look for a close above the 21-DMA to ease
bearish pressure and confirm focus on Php50.810-51.025 where 100 & 55-DMAs are
situated. Bears continue to look for a close below Php50.240 to return pressure
to the key Php49.970-50.140 support region.

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