We see better value in long positions. If the price will advance above the first resistance at (5772.2), this would confirm continuation of the bullish trend, towards next objective upwards (5683.8) then (5657.8) and (5605.8) will follow.
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (5735.0) zones. A proper confirmation would occur if the FTSE100 will manage to overcome the (5805.8) resistance.
Currently, further bullish actions could be seen on FTSE100. A break below (5721.0) could be a threat to the bullish scenario targeting (5627.4) even (5601.4). On upside. Immediate resistance is at (5804.0). A close above that area should keep the major bullish scenario intact testing (5871.8) area.
FTSE100 general trend is to the upside. Break below (5642.3) may trigger further fall of the FTSE100. Going above nearest support level at (5764.4), however, would confirm continuation of the bullish trend, towards next objective upwards (5846.9).
The outlook has grown increasingly bullish since FTSE100 had remained above its latest swing low at (5600.5). If this support level is broken to the downside, the outlook will deteriorate.
The outlook has grown increasingly bullish since FTSE100 had remained above its latest swing low at (5531.8). If this support level is broken to the downside, the outlook will deteriorate.
We see high chances of the pair move up gradually towards (5659.6 – 5723.5). A proper confirmation would occur if the FTSE100 will manage to overcome the (5620.5) resistance over today`s trading session.
We see better value in long positions. If the price will advance above the first resistance at (5551.7), this would confirm continuation of the bullish trend, towards next objective upwards (5438.0) then (5410.3) and (5325.4) will follow.
We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (5411.3). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.
It's likely that FTSE100 will decline. A break above (5453.3) could be a threat to the bearish scenario targeting (5558.0) even (5584.0). On the downside, immediate support is at (5336.6). Break below that area should keep the major bearish scenario intact testing (5284.6) area
