FxWirePro: FTSE100 trades above ichimoku cloud, good to buy on dips
FTSE100 has formed a temporary bottom around 7282 and jumped sharply from that level. The index jumped till 7442 yesterday and is currently trading around 7448. Intraday trend is slightly bullish as the index is trading …
FTSE100 has formed a temporary bottom around 7282 and jumped sharply from that level. The index jumped till 7442 yesterday and is currently trading around 7448.
Intraday trend is slightly bullish as the index is trading slightly above cloud in both hourly and 4- hour chart.
On the higher side, any break above 7445 confirms minor bullishness, a jump till 7550/7600 likely.
The near term support is around 7375 (200- H MA) and any break above will drag the pair down till 7350/7282 in the short term.
It is good to buy on dips around 7435-7440 with SL around 7390 for the TP of 7550/7600.
