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FTSE breaks higher once more
The FTSE has broken to a new high this morning, confirming the bullish outlook held in line with the long term uptrend. The price is now pulling back and it makes sense to use retracements as buying opportunities once more.
That being said, given the sharp move higher and chance of a pullback, coupled with the impending payrolls figures and weekend, it may make sense to just look for short-term moves. As long as we do not break below 7496, then a bullish view remains in play.