7645551 7/13/2017 12:28 PM, USD/PHP intraday: the downside prevails as long as 50.602 is resistance


Our pivot point stands at 50.602.


Our preference

: the downside prevails as long as 50.602 is resistance.


Alternative scenario

: above 50.602, look for 50.725 and 50.799.


Comment

: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 50.551 and 50.666).


Supports and resistances

:

50.799 **

50.725 *

50.602 **

50.554

50.473 last

50.300

50.227 **

50.154 *

50.081 **