Published: 2025-11-04T05:58:56.000Z
Chart USD/PHP Updates: Leaning lower from 59.260, October all-time high
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Settled back from the 59.260 October all-time high as prices unwind the overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 60.000 | figure | S1 | 58.500 | ** | congestion | ||
| R3 | 59.500 | projection | S2 | 58.000 | * | congestion | ||
| R2 | 59.260 | ** | 28 Oct all-time high | S3 | 57.800 | * | Oct low | |
| R1 | 59.000 | * | congestion | S4 | 57.700 | ** | congestion |
Asterisk denotes strength of level
05:45 GMT - Settled back from the 59.260 October all-time high as prices unwind the overbought daily studies to consolidate at the 58.550/58.500 support area. Weekly chart are stretched as well and suggest room for deeper pullback to correct gains from the 55.140, May current year low. Break will see room to support at the 58.000 figure and 57.800, October low. Lower still, will see scope to strong support at 57.700/57.500 area. Meanwhile, resistance at the 59.000 level and extending to the 59.260 high expected to cap. Break, if seen, will open up room to 59.500 projection target and 60.000 figure.