Published: 2025-10-13T06:31:15.000Z
Chart USD/PHP Updates: Consolidating below 58.500/58.550 resistance
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Lower in range from the 58.500 resistance as prices unwind overbought intraday studied
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 58.800 | * | congestion | S1 | 58.000 | * | congestion | |
| R3 | 58.600 | * | congestion | S2 | 57.800 | * | congestion | |
| R2 | 58.550 | ** | Aug high | S3 | 57.710 | ** | Dec low | |
| R1 | 58.500 | * | congestion | S4 | 57.600 | * | congestion |
Asterisk denotes strength of level
06:25 GMT - Lower in range from the 58.500 resistance as prices unwind overbought intraday studied. Daily studies remains positive but further gains should see the 58.500/58.550 resistance capping. Clearance, if seen, will further extend gains within the bullish channel from the May low and see room to 58.600 congestion. Meanwhile, support is raised to the 58.000/57.800 congestion which is expected to underpin. Failure here will fade the upside pressure and open up room for deeper pullback to the 57.710 and 57.500 support.