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FTSE pullback looks to provide bullish outcome
The FTSE has been drifting lower this morning, with the price falling into the 76.4% retracement. We have been seeing signs of a resurgence for the market over recent days and, as such, the current pullback could be another deep retracement before we move higher once more.
With that in mind, as long as the price does not break below 7397, then further gains seem likely to be around the corner.