Potential Reversal Zone (PRZ) – 7398
FTSE100 has formed pattern in the hourly chart and is currently trading around 7361.
Any continuation can be seen only above 7400 and any break above targets 7427 (161.8% retracement of 7399 and 7351).
On lower side,7325 (resistance turned into support) will be acting as immediate support and any break below targets 7295 (200- H MA)/7208 (61.8% retracement of 7090 and 7398).
It is good to sell on rallies around 7365 with SL around 7400 for the TP of 7295/7210