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Php50.840 Support Now Key *RES.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php50.840 Support Now Key
*RES 4: Php51.600 - High Aug 24 2006 
*RES 3: Php51.380 - Daily Bull channel top 
*RES 2: Php51.090 - Low Aug 17 2006, Bollinger band top 
*RES 1: Php51.080 - 2017 Highs Aug 11 & 14
*PRICE: Php51.080 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.680 - High Aug 9 now support 
*SUP 4: Php50.615 - 21-DMA
*COMMENTARY: The close above the 21-DMA Wednesday has resulted in fresh 2017 and
11 year highs with bulls now focused on Php51.380-600 where the daily bull
channel top is located. The Bollinger top is the key concern for bulls with
potential to limit follow through. The Php50.840 support is now key. Bears look
for a close below this level to ease bullish pressure and to shift focus back to
Php50.485-680 where the 21-DMA is noted.

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