Major support- 7100
FTSE100 is trading lower after a minor recovery till 7256 yesterday on the strong pound sterling. GBP is trading higher against the US dollar and raised more than 10% in the past 1- month on Brexit optimism and UK election. According to the latest survey shows that voting intention for Conservatives has increased to 2% to 45% while for labor dropped to -2 pts to 31%.
On the flip side, near term support is around 7100 and any indicative break beneath will drag the index till 7020. Major bearish continuation only below the 7000 levels.
The major resistance is at 7200, any indicative break beyond will take the index to next level 7240/7268-7273 (55- day EMA and 200- day MA). Any daily close above 7275 confirms major bullishness.
It is good to sell on rallies around 7185-90 with SL around 7240 for the TP of 7025.


Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Major Pair levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 



