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Bulls Still Need Close Above.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Still Need Close Above 200-DMA
*RES 4: Php50.810 - High Dec 7 
*RES 3: Php50.743 - 55-DMA 
*RES 2: Php50.696 - Bollinger band top 
*RES 1: Php50.500 - 200-DMA
*PRICE: Php50.380 @ 2300GMT
*SUP 1: Php50.214 - 21-DMA 
*SUP 2: Php50.155 - Low Jan 9 
*SUP 3: Php49.930 - High Jan 4 now support 
*SUP 4: Php49.770 - Low June 16
*COMMENTARY: The lack of follow through on Friday's 6mth lows combined with
daily studies correcting from O/S has resulted in a bounce back towards the
200-DMA. Correcting O/S studies add support to the bullish case. Bulls continue
to look for a close above the 200-DMA to shift focus to Php50.743-51.030 where
55 & 100-DMAs are noted. Bears now need a close below Php50.155 to ease pressure
on the 200-DMA.

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