Published: 2025-06-27T05:30:46.000Z
Chart USD/PHP Updates: Extending losses from 57.630 high
Technical Analyst
3
Sharp pullback from the 57.630 high and 61.8% Fibonacci level has seen losses to 56.500 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 57.700 | * | congestion | S1 | 56.500 | * | congestion | |
| R3 | 57.630 | ** | 23 Jun high, 61.8% | S2 | 56.200 | * | congestion | |
| R2 | 57.430 | * | 19 Jun high | S3 | 56.000 | * | figure, congestion | |
| R1 | 57.000 | * | congestion | S4 | 55.900/850 | ** | congestion |
Asterisk denotes strength of level
05:20 GMT - Sharp pullback from the 57.630 high and 61.8% Fibonacci level has seen losses to 56.500 congestion. Stretched intraday studies suggest consolidation here likely but this is expected to give way to break lower later. Daily studies are tracking lower to unwind overbought readings and suggest room to further retrace the May/June corrective bounce. Lower will see room to the 56.200/56.000 congestion then strong support at 55.900/55.850 area. Meanwhile, resistance is lowered to the 57.000 level which is expected to cap and sustain losses from the 57.630 high.