USDPHP - 18Apr2022
On the weekly, USDPHP is well above 61.8% Fib retracement at 51.79. We could expect it to bounce further to 78.6% Fib resistance at 52.95 soon.
On the H4, price is consolidating just below the 1st Resistance at 52.25. With the rebound of strength in DXY , USDPHP could very well break above this level to 2nd Resistance at 52.58 next week.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
On the weekly, USDPHP is well above 61.8% Fib retracement at 51.79. We could expect it to bounce further to 78.6% Fib resistance at 52.95 soon.
On the H4, price is consolidating just below the 1st Resistance at 52.25. With the rebound of strength in DXY , USDPHP could very well break above this level to 2nd Resistance at 52.58 next week.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.