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Hesitating Ahead Of 2017 High,.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Hesitating Ahead Of 2017 High, Php51.200 Support Key
*RES 4: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 3: Php51.875 - Weekly Bollinger band top 
*RES 2: Php51.850 - 2017 High Oct 27 
*RES 1: Php51.760 - 2018 High Feb 2
*PRICE: Php51.460 @ 2300GMT
*SUP 1: Php51.420 - Low Feb 5 
*SUP 2: Php51.250 - Low Jan 31 
*SUP 3: Php51.200 - High Jan 29 now support 
*SUP 4: Php50.950 - High Jan 26 now support
*COMMENTARY: The continued recovery from 2018 lows resulted in recent 2018 &
3mth highs but hesitation ahead of the 2017 high is an issue with daily studies
looking to correct from O/B. In saying that, bears still need a close below
Php51.200 to ease bullish pressure and shift focus back to Php50.573-950 where
key DMAs are situated. Bulls need a close above Php51.850 2017 highs to add
support to their case initially targeting Php52.085.

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