Cabana Capitals Blog Technical Analysis Breach of important price line imminent by FTSE 100

Breach of important price line imminent by FTSE 100

Breach of important price line imminent by FTSE 100 post thumbnail image

FTSE 100 is moving towards a line of 7882.7998 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If FTSE 100 continues in its current trajectory, we may see it move towards 7882.7998 within the next 3 days.

Supported by RSI above 60

Target: 7882.7998 Entry: 7926.4 Stop: 7943.727

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