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DOLLAR-PHP TECHS: Looking A Little Heavy
*RES 4: Php52.560 - Low July 18 2006 now resistance
*RES 3: Php52.431 - Daily Bull channel top
*RES 2: Php52.085 - Monthly Low July 10 2006 now resistance
*RES 1: Php51.850 - 2017 High Oct 27
*PRICE: Php51.610 @ 2300GMT
*SUP 1: Php51.532 - Daily Bull channel base A
*SUP 2: Php51.363 - 21-DMA
*SUP 3: Php51.350 - Low Oct 18
*SUP 4: Php51.161 - 55-DMA
*COMMENTARY: Daily studies at O/B levels and the Bollinger top (Php51.885)
recently capping appear to be impacting with the pair looking a little heavy
after trading at fresh 2017 highs last week. Focus now shifts to 21 & 55-DMAs.
Bulls now need a close above 2017 highs to reconfirm the bullish bias and
initially focus on tests of Php52.085.