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Bulls Need Close Above Php52.170...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php52.170
*RES 4: Php52.483 - High Apr 24 
*RES 3: Php52.352 - Bollinger band top 
*RES 2: Php52.170 - Low Apr 25 now resistance 
*RES 1: Php52.044 - High May 9
*PRICE: Php51.973 @ 2300GMT
*SUP 1: Php51.809 - Low May 8 
*SUP 2: Php51.538 - Low May 4 
*SUP 3: Php51.527 - 100-DMA 
*SUP 4: Php51.400 - Low Feb 9
*COMMENTARY: Follow through on pops above 21 & 55-DMAs remains lacking although
bulls take comfort in support layers building. Bears now look for a close below
Php51.809 to ease pressure on DMAs and shift focus back to Php51.248-538 where
100 & 200-DMAs are located. Bulls continue to look for a close above Php52.170
to end bearish hopes and return initial focus to 2018 highs.

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