Thursday, October 15, 2026

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FTSE100 breaks below 6500, decline till 6408/6300 is possible

Major resistance – 6625 (127.2% retracement of 6431 and 5727) Major support – 6450 (200 WMA) The index has made a temporary top around 6628 and declined from that level. It is currently trading around 6502. On the lower …

By FxWire Pro
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FTSE100 breaks below 6500, decline till 6408/6300 is possible
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  • Major resistance – 6625 (127.2% retracement of 6431 and 5727)
     
  • Major support – 6450 (200 WMA)
     
  • The index has made a temporary top around 6628 and declined from that level. It is currently trading around 6502.
     
  • On the lower side , index major support is around 6450 and any break below targets 6407 (7 day EMA)/6291 (4H Kijun-Sen)/6215 (21 day MA).
     
  • The break above temporary top would bring further bullishness till 6866 level.
     
  • Overall bullish invalidation only below 6200.

It is good to sell on rallies around 6520-6530 with SL around 6630 for the TP of 6408/6305

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By FxWirePro Team