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Short

FTSE100 faces resistance around 6200, good to sell on rallies

FX:UK100   FTSE 100 index of UK listed shares
90 0 3
Major resistance - 6200

Major support - 6090

The index has retreated after making a high of 6158 at the time of writing . It is currently trading around 6126.

Intraday minor resistance is around 6160 and break above targets 6200. Any break above 6200 confirms minor intraday trend reversal and jump till 6240/6275 is possible.

Short term bearish invalidation only above 6240 .

On the lower side major support is around 6090 and break below targets 6040/6000.

It is good to sell on rallies around 6140-45 with SL around 6201 for the TP of 6040/6010
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