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Focus Shifts to Php50.810-51.030...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Focus Shifts to Php50.810-51.030
*RES 4: Php51.230 - High Nov 15 
*RES 3: Php51.030 - High Nov 20 
*RES 2: Php50.875 - 100-DMA 
*RES 1: Php50.810 - High Dec 7
*PRICE: Php50.705 @ 2300GMT
*SUP 1: Php50.650 - 55-DMA 
*SUP 2: Php50.506 - 200-DMA 
*SUP 3: Php50.375 - Low Jan 16 
*SUP 4: Php50.215 - 21-DMA
*COMMENTARY: Bulls take comfort in closes above 55 & 200-DMAs that see immediate
focus on Php50.810-51.030 where the 100-DMA is situated. Daily studies at O/B
levels is a concern for bulls. In saying that, bears now need a close below the
200-DMA to ease bullish pressure and below Php50.155 to end bearish hopes and
shift immediate focus back to 2018 lows (Php49.700). Above Php51.030 is needed
to target 2017 highs (Php51.850).

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