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Focus Shifts To 2017 Highs *RES....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Focus Shifts To 2017 Highs
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.610 - Low Oct 30 now resistance 
*RES 2: Php51.470 - High Nov 8 
*RES 1: Php51.230 - High Nov 15
*PRICE: Php51.100 @ 2300GMT
*SUP 1: Php50.900 - High Jan 22 now support 
*SUP 2: Php50.740 - Low Jan 22 
*SUP 3: Php50.588 - 55-DMA 
*SUP 4: Php50.518 - 200-DMA
*COMMENTARY: Hesitation around the 100-DMA (Php50.855) came to an end with an
aggressive rally and bullish close that sees bulls targeting retest of 2017
highs. O/B daily studies and the Bollinger top (Php51.024) remain concerns for
bulls with potential to limit follow through. Initial support is noted at
Php50.900 with bears needing a close below to gain breathing room and below
Php50.740 to initially pressure 55 & 200-DMAs.

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