Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 6118
Kijun-Sen- 6222
FTSE100 showed a nice recovery of more than 100 points from a low of 5930. The short term trend is still bullish as long as resistance 6200 holds. The fear of the second wave of coronavirus has dragged entire global stock markets. US markets especially, S&P500 lost more than 9% from a recent high. The UK index hits a low of 5930 and is currently trading around 6020.
The near-term resistance to be watched is 6208 (55-4H EMA), and any violation above will take the index till 6240/6300. Significant trend continuation only if it crosses 6550.
The immediate support is around 5936, an indicative violation below targets 5891. Bearish continuation only if it breaks below 5891.
It is good to sell on rallies around 6175-80 with SL around 6250 for the TP of 5905.


NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: USD/ZAR bears maintain upper hand
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside 



