UK100 holds firm near 8789.45, consolidating just below key resistance at 8841.42. Bullish trend intact, but tight price action may hint at a breakout or short-term pullback. 🔍
Key Levels to Watch:
🔺 Resistance: 8841.42 – Breakout could fuel further upside
🔻 Support: 8395.41 – Strong base if a pullback occurs
📈 Bulls Power: 74.14 – Buyers still in control
📉 Shrinking candles = caution for momentum fade
Strategy Ideas:
✅ Breakout trades if price closes above 8841.42 w/ volume
✅ Pullback entries at 8650–8700 (EMA & Bollinger mid-band)
⚠️ Manage risk with stop-loss below 8395.41
Market Movers:
📈 S&P 500: 5,970.37 (+0.58%)
📈 Dow Jones: 42,519.64 (+0.51%)
Today’s Key Data:
🇦🇺 AU: GDP QoQ
🇨🇦 CA: BoC Rate Decision
🇺🇸 US: ISM Services PMI
This report is for informational purposes only. Trading involves risk. Consult a financial advisor before investing.
#FortunePrimeGlobal# #UK100# #forextrading# #technicalanalysis#
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