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FTSE 100 rallying back into notable resistance level
The FTSE 100 has managed to break through trendline resistance, with the price moving back into the notable 7061 resistance level.
An hourly close above there would point towards the possibility of a rally into the 61.8% retracement area of 7098. While the short-term uptrend points towards further gains, there is a strong chance we are seeing a retracement in play, with the price needing to break above 7256 to negate this wider downtrend.
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