Published: 2026-01-13T06:48:35.000Z
Chart USD/PHP Updates: Consolidating gains to 59.400 record high
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Consolidation around resistance at the 59.200 congestion and 2022 year high has given way to break to reach fresh high at 59.400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 60.000 | ** | figure | S1 | 59.000 | ** | congestion | |
| R3 | 59.800 | * | projection | S2 | 58.800 | * | 2 Jan low | |
| R2 | 59.500 | * | projection | S3 | 58.500 | ** | 18 Dec low | |
| R1 | 59.400 | * | 12 Jan all-time high | S4 | 58.360 | * | 1 Dec low |
Asterisk denotes strength of level
06:40 GMT - Consolidation around resistance at the 59.200 congestion and 2022 year high has given way to break to reach fresh high at 59.400. Bullish prices action highlights potential for further gains ahead to 59.500 projection target where reaction can be expected. A later clearance here will see room for continuation to 59.800 then the 60.000 figure. Meanwhile, support is raised to the 59.000 level and 58.800 area which should now underpin. Would take break here to open up room for deeper correction to strong support at the 58.500/58.360 support.