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Bulls Now Need Close Above.........>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Now Need Close Above Php51.420
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.760 - 2018 High Feb 2 
*RES 2: Php51.420 - Low Feb 5 now resistance 
*RES 1: Php51.350 - High Feb 7
*PRICE: Php51.120 @ 2300GMT
*SUP 1: Php50.950 - High Jan 26 now support 
*SUP 2: Php50.942 - 21-DMA 
*SUP 3: Php50.872 - 100-DMA 
*SUP 4: Php50.720 - Low Jan 25
*COMMENTARY: Continued hesitation ahead of 2017 highs has taken its toll with a
correction lower that now sees immediate focus on 21 & 100-DMAs. Bears now need
a close below the 100-DMA to confirm focus on Php50.580-720 where 55 & 200-DMAs
are situated. Bulls now need a close above Php51.420 to regain the upper hand
and return initial focus to 2017 highs. Correcting O/S daily studies are seen
weighing.

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