USDPHP - 14Feb2022
On the weekly, USDPHP is consolidating and is facing bearish pressure from the 51.52 last week. However, it is still in bullish trend on the higher time frame as it broke out of the triangle for further upside to target around 52.00
On the H1, price is holding above 200MA at 51.20 nicely. If price confirms below the 200MA, we could expect a short-term pull back to H4 1st Support at 51.10.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, USDPHP is consolidating and is facing bearish pressure from the 51.52 last week. However, it is still in bullish trend on the higher time frame as it broke out of the triangle for further upside to target around 52.00
On the H1, price is holding above 200MA at 51.20 nicely. If price confirms below the 200MA, we could expect a short-term pull back to H4 1st Support at 51.10.
This is for personal record purposes only, not financial advise or solicitation of trade.