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Bulls Need Close Above Php52.269...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php52.269
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.552 - 2018 High Mar 23 
*RES 2: Php52.365 - Bollinger band top 
*RES 1: Php52.269 - High Apr 17
*PRICE: Php52.209 @ 2300GMT
*SUP 1: Php51.991 - Daily Bull channel base off 2018 Low 
*SUP 2: Php51.792 - Bollinger band base 
*SUP 3: Php51.765 - Low Apr 11 
*SUP 4: Php51.639 - Low Feb 23
*COMMENTARY: The daily bull channel base off 2018 lows comes in around Php51.991
with bears needing a close below to confirm a break of the 55-DMA (Php52.010)
and shift initial focus back to Php51.639-765. Bulls retain the upper hand while
the bull channel base supports but need a close above Php52.269 to return
initial focus to tests of 2018 highs. Narrowing Bollinger bands increase the
risk of a break out in coming sessions.

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