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Post-LIBOR Settle Update, 3M Highest Since August 2020


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Topside Hesitation A Concern.......>

DOLLAR-PHP TECHS: Topside Hesitation A Concern
*RES 4: Php51.034 - 55-DMA 
*RES 3: Php50.968 - 100-DMA 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.649 - 21-DMA
*PRICE: Php50.480 @ 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: The lack of follow through on pops above the 200-DMA (Php50.510) is
a concern for bulls who look for a close above the 21-DMA to confirm focus on
Php50.810-51.034 where 100 & 55-DMAs are situated. Bears continue to look for a
close below Php50.240 to return pressure to the key Php49.970-50.140 support
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