Chart Analysis 6 - US Dollar Philippine Peso (USD/PHP) Uptrend Channel - March 10, 2018
USD/PHP Price Forecast at 55.71 Level.
USDPHP faced with resistance at the upper trend line of the Uptrend Channel, so the price is consolidating. Nevertheless, the pair is likely going to continue moving up towards the next resistance at 53.96 and 55.71-(Potential Reversal Zone of a Bearish Bat Harmonic). There might be a possible pullback at 51.
USD/PHP Price Forecast at 55.71 Level.
USDPHP faced with resistance at the upper trend line of the Uptrend Channel, so the price is consolidating. Nevertheless, the pair is likely going to continue moving up towards the next resistance at 53.96 and 55.71-(Potential Reversal Zone of a Bearish Bat Harmonic). There might be a possible pullback at 51.