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Initial Focus Returns To...........>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Initial Focus Returns To Php51.639-765
*RES 4: Php52.483 - High Apr 24 
*RES 3: Php52.307 - Bollinger band top 
*RES 2: Php52.170 - Low Apr 25 now resistance 
*RES 1: Php52.058 - 55-DMA
*PRICE: Php51.927 @ 2300GMT
*SUP 1: Php51.765 - Low Apr 11 
*SUP 2: Php51.639 - Low Feb 23 
*SUP 3: Php51.400 - Low Feb 9 
*SUP 4: Php51.378 - 100-DMA
*COMMENTARY: Failure to trouble 2018 highs and a lack of topside follow through
courtesy of the Bollinger band top has taken its toll with an aggressive break
of the 21 & 55-DMA and bull channel base off 2018 lows. Immediate focus is back
on Php51.639-765 with a close below then targeting Php51.030-400 where the 100 &
200 (Php51.183) DMAs are situated. Bulls now need a close above Php52.170 to
ease bearish pressure and shift focus back to Php52.483-560.

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