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FTSE breaks key resistance level
The FTSE is breaking higher this morning, with the index pushing through the highly notable 7452 level. This break through the late June swing high means we are now looking at a recovery for the index, with a move back to the previous high of 7600 looking increasingly likely.
As such, for now, we look to have instigated the beginning of a renewed bullish phase, where a break back below 7357 would be required to negate that view.