FTSE 100 continues its bounce
The price of the FTSE 100 is rebounding from the lows of Tuesday’s session, having found support around 7025.
However, we have seen lower highs since Friday, with 7127 and then 7187 as possible resistance in the event of any turn higher. A failure to maintain upward momentum could see a deeper retracement. Above 7187 the price will move on towards 7220 and then 7280.