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 8258.4734 within the next 3 days.
Because FTSE 100 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
