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FxWirePro :FTSE100 faces strong resistance around 6200, good to sell on rallies

  • Major resistance - 6200
     
  • Major support - 6090
     
  • The index has retreated after making a high of 6158 at the time of writing . It is currently trading around 6126.
     
  • Intraday minor resistance is around 6160 and break above targets 6200. Any break above 6200 confirms minor intraday trend reversal and jump till 6240/6275 is possible.
     
  • Short term bearish invalidation only above 6240 .
     
  • On the lower side major support is around 6090 and break below targets 6040/6000.

It is good to sell on rallies around 6140-45 with SL around 6201 for the TP of 6040/6010

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