After a huge sell-off of more than 250 points FTSE100 recovered more than 4.5% from the low of 6733. Global markets was trading higher after dovish Fed .US Markets has shown a minor jump after better than expected US Non farm payroll data. Brexit uncertainty is major concern. UK wants to renegotiate the Irish backstop But EU is not willing to reopen any talks. Pound sterling lost more than 150 pips and has taken support near 200-day MA around 1.3045. FTSE100 hits intraday high of 7045 and is currently trading around 7043.
Technically the index is holding above resistance 7000 and this confirms bullish continuation. A jump till 7140/7200 is possible.
The near term support stands at 6850/6800/6733. Further weakness will be seen only below 6733 low made on Jan 28th 2019.
It is good to buy on dips around 6960-65 with SL around 6900 for the TP of 7140/7200.


GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies pivot (Major)
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 



