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)
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.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.