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Focus Back On Php49.970-140 *RES...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Focus Back On Php49.970-140
*RES 4: Php50.810 - High Dec 7 
*RES 3: Php50.762 - 21-DMA 
*RES 2: Php50.505 - 200-DMA 
*RES 1: Php50.450 - High Dec 11
*PRICE: Php50.360 @ 2300GMT
*SUP 1: Php50.240 - Monthly Low Nov 29 
*SUP 2: Php50.140 - Monthly Low Aug 4 
*SUP 3: Php49.970 - Low June 20 
*SUP 4: Php49.770 - Low June 16
*COMMENTARY: The 21-DMA capped the recovery from Nov lows with Friday's close
below the 200-DMA (Php50.505) seeing bearish pressure back on the
Php49.970-50.140 support region. Below Php49.970 is needed to shift focus back
to Php49.360-440. Initial resistance is noted at Php50.450 but bulls need a
close above the 200-DMA to ease bearish pressure and shift focus back to
Php50.718-51.054 where key DMAs are situated.

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