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FTSE breaking into more bullish structure
The FTSE 100 has broken through 7265 this morning, heightening the chance that we have seen the end of the sell-off. With that move, we now have higher highs and higher lows on an intraday basis.
For greater confidence an hourly close above 7304 would point towards a push back into the all-time highs of 7448. For now, we are seeing tentative signs of that coming to fruition, and as such a bullish outlook is in play unless we break below 7220.