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Bulls Need Close Above Php51.390...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php51.390
*RES 4: Php51.630 - 2017 High Aug 18 
*RES 3: Php51.390 - Low Aug 18 now resistance 
*RES 2: Php51.250 - High Sept 4 
*RES 1: Php51.096 - 21-DMA
*PRICE: Php50.930 @ 2300GMT
*SUP 1: Php50.830 - Low Sept 11 
*SUP 2: Php50.675 - Low Sept 8 
*SUP 3: Php50.627 - Daily Bull channel base 
*SUP 4: Php50.550 - Low Aug 9
*COMMENTARY: The dip below the 55-DMA (Php50.746) lacked follow through Friday
with bulls finding support ahead of the daily bull channel base. Daily studies
correcting higher add support to the bullish case for a test of the
Php51.250-390 resistance region although the 21-DMA may slow the move. Bears now
need a close below Php50.830 to ease pressure on the 21-DMA and retain focus on
the daily bull channel base.

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