Ichimoku Analysis (4-hour chart)
Tenken-Sen- 6062
Kijun-Sen- 6062
FTSE100 declined more than 150 points from an intraday high of 6177. The slight strength in weakness in Pound sterling against USD on broad-based US dollar selling and US and China trade deal optimism. S&P is trading slightly weak and currently trading around 3431.
The near-term resistance to be watched is 6100, any violation above will take the index till 6175/6200/6263/6300. Significant bullish trend continuation only if it crosses 6350.
The immediate support is around 6000, any indicative violation below targets 5950/5925/5850. Bearish continuation only if it breaks below 5800.
It is good to sell on rallies around 6065-70 with SL around 6175 for the TP of 5800.
