Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 5883
Kijun-Sen- 5953
FTSE110 recovered sharply from a low of 5710 on surge in the global stock. UK markets started to trade higher after Government eases lockdown. It hits high of 6007 at the time of writing and is currently trading around 5954.
On the higher side, near term resistance is around 6022 (61.8% fib) and violation beyond will take the index till 6060/6105/6197. Bullish persistence only past 6200. The immediate support is around 5935, indicative violation below targets 5890/5820.
It is good to buy on dips around 5890-95 with SL around 2825 for the TP of 6060/6105.
