FTSE breaking higher once more
It seems the FTSE weakness could be somewhat short lived, with the index breaking higher once more this morning, thanks to a weaker pound. So far, the price has rallied into the 7310 resistance, and a break above that level would point towards a push through 7323 before long.
As such, the signs are there that we are likely to resume the uptrend. We would need price to break back below 7251 to become less bullish. Until then, buying retracements seems sensible.