USD/PHP Bullish Bat Monthly Chart - 12-19-2013

Last December 2007 USD/PHP completed the Bullish Bat Pattern with Potential Reversal Zone (PRZ) at 40. On March 2013 the PRZ was retested again. Possible resistance are 38.2% retracement at 46.76, 50.0% retracement at 48.86 and 61.8% retracement at 50.95. Ichimuko is showing a weak bullish sentiment which is the price is above Kijun Sen but below the Kumo.