Published: 2026-08-04T07:09:05.000Z
Chart USD/PHP Updates: Room for deeper pullback from 61.860 high
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Turned up in consolidation from the 60.800 support as prices consolidate losses from the 61.860 high of July
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 61.860 | ** | Jul high | S1 | 60.880 | * | 3 Aug low | |
| R3 | 61.750 | * | May high | S2 | 60.800 | ** | Mar high | |
| R2 | 61.500 | * | congestion | S3 | 60.500 | * | congestion | |
| R1 | 61.240 | 3 Aug high | S4 | 60.240/170 | ** | May, Jun lows |
Asterisk denotes strength of level
07:00 GMT - Turned up in consolidation from the 60.800 support as prices consolidate losses from the 61.860 high of July. However, daily and weekly studies are unwinding overbought readings and suggest consolidation giving way to further losses later. Below 60.880 low and break of the 60.800 support will see room for deeper pullback to 60.500 congestion then the strong support at the 60.240/60.170, May/June lows. Meanwhile, resistance is at the 61.200/61.240 area. Above here will see room for stronger bounce to 61.500 resistance which is expected to cap.