FTSE100 has shown minor decline after hitting high of 7232 and is holding above 7200 level. The index is trading higher following footsteps of US futures market. S&P500 futures has shown a recovery of 0.40% from low of 2729. FTSE100 has jumped more than 450 points from minor bottom 6733. The weak pound sterling also supporting the index. Cable has lost more than 100 pips yesterday from the high 1.28780. The index hits intraday intraday low of 7178 and is currently trading around 7218.
The index’s minor support is around 7175 and any violation below will take the index to next level till 7148 (7- day MA)/7129. Any weakness in the near term can be seen if FTSE100 trades below 7070 and any violation below targets 7005 (20 day MA). Any close below 6975 confirms further weakness and a dip till 6900/6880.Major bearish continuation only below 6733 level.
On the higher side near term resistance is around 7200-7220 (300- day EMA) any daily close above confirms bullish continuation and a jump till 7300/7560 is possible.
It is good to buy on dips around 7170-75 with SL around 7135 for the TP of 7315.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



