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Immediate Bearish Focus On.........>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Immediate Bearish Focus On Channel Base
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.771 - Bollinger band top 
*RES 2: Php51.610 - Low Oct 30 now resistance 
*RES 1: Php51.470 - High Nov 8
*PRICE: Php51.270 @ 2300GMT
*SUP 1: Php51.140 - Low Nov 3 
*SUP 2: Php51.081 - Daily Bull channel base 
*SUP 3: Php50.878 - 100-DMA 
*SUP 4: Php50.720 - Low Sept 26
*COMMENTARY: The correction lower from 2017 highs has so far failed to gain
traction below the 55-DMA (Php52.208) as bears focus on the daily bull channel
base. Bears need a close below the channel base to shift immediate focus to the
100-DMA. Bulls now look for a close above the Php51.470 to confirm a break of
the 21-DMA (Php51.444), easing bearish pressure and above Php51.610 to return
focus to 2017 highs.

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