Published: 2026-07-24T06:44:37.000Z
Chart USD/PHP Updates: Poised for retest of 61.930 all-time high
2
Break above 61.750 May high see prices within reach of the 61.930 June all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 63.000 | projection | S1 | 61.500 | * | congestion | ||
| R3 | 62.800 | projection | S2 | 61.120/000 | * | 19 June low, congestion | ||
| R2 | 62.000 | * | figure | S3 | 60.800 | ** | Mar high | |
| R1 | 61.930 | ** | 5 Jun all-time high | S4 | 60.500 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Break above 61.750 May high see prices within reach of the 61.930 June all-time high. Break here will see room for extension to the 62.000 figure. Overbought daily and weekly studies caution corrective pullback at the latter but a later break cannot be ruled out. Clearance will see room to extend the underlying bull trend to target the 62.800 and 63.000 projection target. Meanwhile, support is raised to the 61.500 congestion which should now underpin. Below here will ease the upside pressure and see room for deeper pullback to retrace strong gains from the June low to 61.120/61.000 support.