FTSE 100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FTSE 100 continues in its current trajectory, we could see it reach 8339.2412 within the next 16 hours.
After testing the resistance line numerous times, FTSE 100 is once again approaching this line. Can we expect a bullish trend to follow?
