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FTSE 100 regaining ground
The FTSE 100 has managed to break into the highest level in almost two weeks, as the wider bullish sentiment in the market helps push UK stocks higher.
The near-term resistance level comes in at 7673, with the 200-day simple moving average (SMA) also worth watching out for. Ultimately, this could be a retracement of the 7791-7458 drop, given the fall below 7489 recently. Thus, watch for a potential rally into the 61.8% or 76.4% level as near-term targets.