Thursday, October 15, 2026

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FxWirePro: FTSE100 faces strong resistance at 6210, good to sell on rallies

Major resistance - 6210 (trend line joining 6874 and 6764) Major support - 6080 The index has retreated after making a high of 6209. It is currently trading around 6123. Short term trend is weak as long as resistance 621…

By Lis Howell
1 min read
FxWirePro: FTSE100 faces strong resistance at 6210, good to sell on rallies
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  • Major resistance - 6210 (trend line joining 6874 and 6764)
     
  • Major support - 6080
     
  • The index has retreated after making a high of 6209. It is currently trading around 6123.
     
  • Short term trend is weak as long as resistance 6210 holds.
     
  • On the higher side any break above 6210 will take the index to next level 6280/6325.
     
  • Any break below 6080 confirms minor weakness, a decline till 6050/6000 is possible

It is good to sell on rallies around 6160-65 with SL around 6209 for the TP of 6085/6055

 

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By FxWirePro Team