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Bulls Need Close Above Php51.295...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php51.295
*RES 4: Php51.390 - Low Aug 18 now resistance 
*RES 3: Php51.295 - High Sept 15 
*RES 2: Php51.268 - Bollinger band top 
*RES 1: Php51.260 - High Oct 3
*PRICE: Php51.245 @ 2300GMT
*SUP 1: Php50.994 - 21-DMA 
*SUP 2: Php50.912 - 55-DMA 
*SUP 3: Php50.720 - Low Sept 27 
*SUP 4: Php50.550 - Low Aug 9
*COMMENTARY: Bulls take comfort in the 55-DMA supporting last week and providing
the base for a return in pressure to Php51.295. Bulls continue to look for a
close above Php51.295 to reconfirm the bullish bias and initially pressure 2017
highs. The Bollinger band top is seen as the key concern for bulls with
potential to limit follow through. Bears continue to look for a close below the
55-DMA to see pressure return to Php50.485-738.

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