Thursday, October 15, 2026

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FxWirePro:FTSE100 downside capped by 7320 level, good to sell on rallies

Major support – 7322 (Resistance turned into support) Major resistance -7400 FTSE100 hits fresh all time high of 7400 in the previous week and started to decline from that level. It is currently trading around 7322. Any …

By FxWirePro Team
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FxWirePro:FTSE100 downside capped by 7320 level, good to sell on rallies
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  • Major support – 7322 (Resistance turned into support)
     
  • Major resistance -7400
     
  • FTSE100 hits fresh all time high of 7400 in the previous week and started to decline from that level. It is currently trading around 7322.
     
  • Any bullish continuation can be seen only above 7400 and any break above targets 7427 (161.8% retracement of 7399 and 7351).
     
  • On the lower side, any break below 7320 will drag the index till 7294 (21- day EMA)/7245 (50% retracement of 7090 and 7399).

    It is good to sell on rallies around 7355-7360 with SL at 7400 for the TP of  7285/7240.

 

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