The FTSE remains in consolidation mode for now, but the underlying trend is still arguably bullish. The index was holding inside a consolidation pattern, coiling before a potentially large breakout. 9270 is the level to watch on the upside - a break above this could pave the way for fresh gains towards the all-time high of 9360. Support remains at 9190/1 area, lost that then the focus shifts to 9127.
By Fawad Razaqzada, market analyst with FOREX.com
By Fawad Razaqzada, market analyst with FOREX.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.