After a huge sell-off of more than 250 points FTSE100 recovered more than 4.5% from the low of 6733. Global markets was trading higher after dovish Fed .US Markets has shown a minor jump after better than expected US Non farm payroll data. Brexit uncertainty is major concern. UK wants to renegotiate the Irish backstop But EU is not willing to reopen any talks. Pound sterling lost more than 150 pips and has taken support near 200-day MA around 1.3045. FTSE100 hits intraday high of 7045 and is currently trading around 7043.
Technically the index is holding above resistance 7000 and this confirms bullish continuation. A jump till 7140/7200 is possible.
The near term support stands at 6850/6800/6733. Further weakness will be seen only below 6733 low made on Jan 28th 2019.
It is good to buy on dips around 6960-65 with SL around 6900 for the TP of 7140/7200.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand 



