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Focus Shifts To Php51.966-52.161...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Focus Shifts To Php51.966-52.161
*RES 4: Php52.940 - High July 25 2006 
*RES 3: Php52.755 - Bollinger band top 
*RES 2: Php52.773 - 2018 High May 30 
*RES 1: Php52.431 - Low June 1 now resistance
*PRICE: Php52.340 @ 2300GMT
*SUP 1: Php52.161 - 55-DMA 
*SUP 2: Php52.056 - High May 10 now support 
*SUP 3: Php52.043 - Daily Bull channel base 
*SUP 4: Php51.966 - 100-DMA
*COMMENTARY: The marginal close below the 21-DMA (Php52.382) eases bullish
pressure and sees focus shift to Php51.966-52.161 where 55 & 100-DMAs and the
bull channel base of 2018 lows are situated. Below the 100-DMA then initially
targets Php51.379-715 where the 200-DMA is noted. Bulls now look for a close
above Php52.431 to signal a false break and return focus to Php53.940-53.071
last seen in July 2006.

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