- Chart pattern – Double top
- Major support- 7338-7340 (trend line joining 6789 and 7283).
- FTSE100 is trading weak for the past two days after showing a minor recovery till 7473. The index breaks major support 7340 level and closed slightly below trend line support. The index dipped till 7316 and is currently trading around 7329.
- The index’s short term support is around 7340-7336 (61.8% retracement of 7193 and 7590 and 200- day EMA) and any close below will drag the index down till 7282/7193. Any convincing break below 7190 confirms long term trend reversal, a decline till 7000 is likely.
- The near term resistance is around 7498 (61.8% retracement of 7590 and 7348) and any break above will take the index till 7550/7600.
- Overall bullish continuation only above 7600.
It is good to sell on rallies around 7375-7380 with SL around 7475 for the TP of 7195/7150.


FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: USD/CAD eases slightly but trend is still bullish
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro- Major Pair levels and bias summary
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro- Major Pair levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 



