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 8280.7519 within the next 2 days.
FTSE 100 is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 12 days.
