UK100 is heading towards the resistance line of a Channel Up and could reach this point within the next 22 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A quick move expected on UK100 as it starts approaching a resistance line of a Channel Up
