Major support- 7200-215 (psychological and 200- day MA)
FTSE100 ha taken support near 200- day MA and shown massive recovery. The jump was mainly due to weak pound sterling and positive US markets. Markets eye US-China trade talks which are to happen in 2 weeks for further direction. It hits an intraday high of 7355 and is currently around 7353. The yield curve has inverted and spread is narrowed to 0.60 bps.
On the flip side near term, support is around 7270 and any violation below will drag the index down till 7238/7212. Any close below 7200 confirms the bearish continuation. Major trend reversal only below 7000.
The near term resistance is around 7380 high made on Sep 13th, 2019 and any break above targets 7432/7500.
It is good to buy on dips around 7310-15 with SL around 7270 for the TP of 7460.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro- Woodies pivot (Major)
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 



