On the weekly, USDPHP pulled back last week after the previous week doji candle. Price could potentially pull back lower this week as weekly Stochastic is still at resistance.
On the H4, price dropped lower after breaking the triangle and RSI formed negative bearish divergence for the last 3 zigzags. USDPHP has further downside to triangle target at around 51.79 once it breaks below 1st Support at 52.05.
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