Major support- 7000
FTSE100 is one of the worst performers this week and lost more than 5% on weak global cues. The escalation of the US-EU trade war and a weak economy from the US is putting pressure on global stock markets. US ISM manufacturing and services PMI came much below expectations and markets eye US NFP data today for further direction. The index hits low of 7003 and is currently trading 7098.
UK 10 year yield declines sharply and lost more than 45% from high and spread between the UK 10 year and 2-year gilts widened to 1.7 bps from -0.4 bps.
On the flip side, major support is around 7083 (200- W MA) and any close below will drag the index till 7000. Any dip below that level targets 6850.
The near term resistance is around 7140 and any break above will take the index up till 7200/7240. Any bullish continuation only above 7460.
It is good to sell on rallies around 7125-30 with SL around 7180 for the TP of 7000.


Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD bears maintain upper hand
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 



