Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on FTSE 100

Either a rebound or a breakout imminent on FTSE 100

Either a rebound or a breakout imminent on FTSE 100 post thumbnail image

FTSE 100 is approaching a resistance line at 8204.8398. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

Supported by Upward sloping Moving Average

Target: 8204.8398 Entry: 8180.7 Stop: 8161.6184

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