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FTSE breaks through triangle resistance
The FTSE 100 managed to finally break through 7033 resistance yesterday, with price subsequently pulling back to trendline support. The index seems to be moving in a relatively orderly fashion now and it makes sense to buy the dips as long as we continue to create higher lows and higher highs.
As such, a move onwards towards 7055 seems likely, with a bullish view in place as long as we do not break back below 7000.