FxWirePro
Long

FTSE100: Buy above breakout

FX:UK100   The FTSE 100 Index
125 1 5
Major Intraday resistance – 5962 ( trend line joining 6066 and 6024)

Major support – 5840 ( trend line joining 5494 and 5517)

The index has recovered after making a low of 5843. It has closed at 5949. Short term trend is still bullish as long as support 5840 holds.

On the lower side minor support is around 5915 and break below targets 5865/5840.

Any break above 5962 will take the index to next level 6025/6066.

It is good to buy above 5962 with SL around 5915 for the TP of 6025/6066
As always, great analysis! Thanks
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