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Php51.200 Support Now Becomes......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php51.200 Support Now Becomes Key
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.830 - Weekly Bollinger band top 
*RES 2: Php51.610 - Low Oct 30 now resistance 
*RES 1: Php51.500 - 2018 High Jan 30
*PRICE: Php51.420 @ 2300GMT
*SUP 1: Php51.300 - Low Jan 30 
*SUP 2: Php51.200 - High Jan 29 now support 
*SUP 3: Php50.950 - High Jan 26 now support 
*SUP 4: Php50.720 - Low Jan 25
*COMMENTARY: Bullish confidence grows with continued 2018 & 3mth highs adding
support to the case for a test of 2017 highs. O/B daily studies and the
Bollinger band top (Php51.436) remain concerns for bulls. In saying that, bears
now need a close below Php51.200 to ease bullish pressure and below Php50.720 to
shift focus back to key DMAs Php50.535-563 where 21, 55 & 200-DMAs are
clustered. Daily studies correcting from O/B remain the key concern for bulls.

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