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Marginal Close Above 200-DMA.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Marginal Close Above 200-DMA
*RES 4: Php51.045 - 55-DMA 
*RES 3: Php50.969 - 100-DMA 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.762 - 21-DMA
*PRICE: Php50.510 @ 2300GMT
*SUP 1: Php50.300 - Low Dec 11 
*SUP 2: Php50.240 - Monthly Low Nov 29 
*SUP 3: Php50.140 - Monthly Low Aug 4 
*SUP 4: Php49.970 - Low June 20
*COMMENTARY: Bulls take comfort in a marginal close above the 200-DMA
(Php50.508) that eases immediate bearish pressure and increases the risk of a
correction back to 21, 55 & 100-DMAs Php50.683-51.045. Bulls now need a close
above the 55-DMA to end bearish hopes and shift focus back to 2017 highs
(Php51.850), Bears now need a close below Php50.240 to return pressure to the
key Php49.970-50.140 support region.

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