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Php50.840-51.090 Support Region....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php50.840-51.090 Support Region Key
*RES 4: Php51.700 - High Aug 3 2006 
*RES 3: Php51.600 - High Aug 24 2006 
*RES 2: Php51.384 - Daily Bull channel top 
*RES 1: Php51.340 - 2017 High Aug 15
*PRICE: Php51.080 @ 2300GMT
*SUP 1: Php51.090 - Alternating daily support/resistance 
*SUP 2: Php50.900 - Lows Aug 11 & 14 
*SUP 3: Php50.840 - High July 25 now support 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The close above the 21-DMA Wednesday has resulted in fresh 2017 and
11 year highs with bulls now focused on Php51.384-600 where the daily bull
channel top is located. The Bollinger top is the key concern for bulls with
potential to limit follow through. Initial support is now noted at Php51.090
with bears needing a close below to ease immediate bullish pressure and below
Php50.840 to shift focus back to Php50.485-680 where the 21-DMA is noted.

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