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Focus Shifts To Php52.940-53.071...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Focus Shifts To Php52.940-53.071
*RES 4: Php53.071 - High July 3 2006 
*RES 3: Php52.940 - High July 25 2006 
*RES 2: Php52.677 - 2018 High May 15 
*RES 1: Php52.540 - Bollinger band top
*PRICE: Php52.471 @ 2300GMT
*SUP 1: Php52.260 - Low May 15 
*SUP 2: Php51.170 - Alternating daily support/resistance 
*SUP 3: Php52.056 - High May 10 now resistance 
*SUP 4: Php52.037 - 55-DMA
*COMMENTARY: Gains continued Monday with fresh 2018 & 12yr highs Tuesday
confirming bullish focus on Php52.940-53.071 where levels last seen in July 2006
are found. The Bollinger top and O/B studies remain key concerns for bulls. In
saying that, bears now need a close below Php52.260 to ease bullish pressure and
shift initial focus back to Php52.019-037 where 21 & 55-DMAs are situated.

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