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Post-Referendum FTSE100

FX:UK100   FTSE 100 Index
145 0 2
On Thursday 23rd June 2016 the UK will vote in an EU referendum. Regardless of the decisions, there will be a reactionary shock to UK markets; including the FTSE1.19% 100.

Leaving the EU could cause the market correction from the Spring 2015 high to extend until the end of 2016; however if we remain in the EU, there could be enough confidence to bounce on the support and spark a break in the bull-flag, continuing to higher highs.

The fundamentals play a large part on this movement, but technical analysis also illustrates a make or break point for the remainder of the 2016 - either a big push up or continued downward movement before the next wave up begins.
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