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FTSE 100 faces hurdle to rally
Momentum has continued to recover here, with the FTSE 100 touching a two-week high yesterday.
The price has exhibited some difficulty around the 7340 level, with a close below here raising the prospect of a move back to 7280 support. A close above 7340 solidifies the breakout we saw earlier in the week, and would suggest further gains in the direction of 7490.