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DOLLAR-PHP TECHS: Focus Shifts To 21-DMA
*RES 4: Php51.700 - High Aug 3 2006
*RES 3: Php51.630 - 2017 High Aug 18
*RES 2: Php51.390 - Low Aug 18 now resistance
*RES 1: Php51.140 - High Aug 24
*PRICE: Php51.000 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14
*SUP 2: Php50.840 - High July 25 now support
*SUP 3: Php50.792 - 21-DMA
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The lack of follow through on last Friday's 2017 and 11year highs
has resulted in a close below Php51.090, easing bullish pressure and shifting
immediate focus back to Php50.792-900 where the 21-DMA is located. Correcting
O/B daily studies are adding weight to the bearish case. Bulls now look for a
close above Php51.140 to gain breathing room and above Php51.390 to reconfirm
initial focus on tests of Php51.630-700.