Friday, October 16, 2026

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FxWirePro: FTSE 100 faces strong support around 5940, good to buy on dips

Major resistance - 6030 (trend line joining 6129 and 6054) Major support - 5940 (200 day 4 HMA) FTSE has retreated 5977 after making a high of 6066. It is currently trading around 6015. Short term trend is still bullish …

By Lis Howell
1 min read
FxWirePro: FTSE 100 faces strong support around 5940, good to buy on dips
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  • Major resistance - 6030 (trend line joining 6129 and 6054)
     
  • Major support - 5940 (200 day 4 HMA)
     
  • FTSE has retreated 5977 after making a high of 6066. It is currently trading around 6015.
     
  • Short term trend is still bullish as long as support 5940 holds. Overall bullish invalidation below 5880.
     
  • On the higher side any break above 6030 will take the pair to next level till 6066/6125.

It is good to buy around 6000-6010 with SL around 5940 for the TP of 6065/6128

 

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