Published: 2026-05-12T06:30:43.000Z
Chart USD/PHP Updates: Focus return to 61.73 historic high
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Sharply higher as prices extend bounce from the 60.25 corrective low to return focus to the 61.73, 5 May hightoric high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 62.800 | projection | S1 | 60.800 | * | Mar high | ||
| R3 | 62.000 | * | figure | S2 | 60.500 | * | congestion | |
| R2 | 61.850 | projection | S3 | 60.250 | ** | 7 May low | ||
| R1 | 61.730 | ** | 5 May all-time high | S4 | 60.000 | * | figure |
Asterisk denotes strength of level
06:20 GMT - Sharply higher as prices extend bounce from the 60.25 corrective low to regain the 60.80 resistance and 61.00 level. Break here return focus to the upside and see scope for retest of the 61.73, 5 May historic high. Clearance will extend the bull trend from the May 2025 year low and see room to 61.85 projection target and the 62.00 figure. Meanwhile, support is raised to 60.80 March high which extend to the 60.25, 7 May low. This area should underpin and sustain bullish gains from 57.47 February current year low.