FTSE looks to continue grind higher
The FTSE has been grinding higher in a consistent if unspectacular fashion, with price creating new higher highs and higher lows over the past two weeks. This morning’s pullback looks like something very similar, with price forming support on the key 7068 level (late October high), only to rally upwards once more.
With that in mind, further gains seem likely with the all-time highs of 7127 within reach. This bullish outlook remains unless we see price break back below 7068.