• FxWirePro: ftse100 faces trend line resistance at 6245, break above targets 6350

    Источник: FxWire Pro - Technicals / 15 июл 2020 06:11:46   America/New_York

    Ichimoku Analysis (4-hour chart)

    Tenken-Sen- 6170

     

    Kijun-Sen- 6147

     

    FTSE100 jumped sharply more than 200 points from a low of 6000 on an increase in risk appetite. The Moderna Phase 1 trial results showed that the vaccine is safe and expected to start the Phase 3 trial on Jul 27th. The S&P futures are holding above 6200 levels after hitting an intraday low of 3184.is week for further direction.

     

    The near-term resistance to be watched is 6245, and any violation above will take the index till 6278/6311. Significant trend continuation only if it crosses 6352.

     

    The immediate support is around 6134 (200-4H MA), an indicative violation below targets 6100/6035/6000/5900. Bearish continuation only if it breaks below 5891.

     

    It is good to sell on rallies around 6275-80 with SL around 6351 for the TP of 5935.

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