FxWirePro: FTSE100 struggles to close above 6200, good to sell on rallies
Major resistance – 6245(200 day MA) Major support - 6080 The index has retreated after making a high of 6198 yesterday. It is currently trading around 6128. Major resistance is around 6245 (200 day MA) and any break abov…
The index has retreated after making a high of 6198 yesterday. It is currently trading around 6128.
Major resistance is around 6245 (200 day MA) and any break above 6245 confirms major trend reversal, jump till 6325/6348 is possible. The minor resistance is around 6160/6220.
On the lower side major support is around 6080 and break below targets 6040/6000.
It is good to sell on rallies around 6150-55 with SL around 6220 for the TP of 6080/6005
