W1 possible start of down trend

W1 shows one cycle. But without another, we can't say for certain there's a down trend.

D1 shows a break of a previous high, but lacks enough information to establish if there is indeed a trend.

Let's wait a few more days and see what price action says and the news.

So far, Philippines has been a prime destination for tourism. Expats exchanging dollar to peso for their families. Filipinos spending for the holidays driving the economic machinery.