FTSE 100 eyes 6940
After pulling back yesterday, due to a combination of overbought status and a rising pound, the index appears to be holding up well. The first target will be the 6940 area where gains topped out on Friday, and then on to 6956, the high from 15 August.
It would take a move back below 6850 to put a real dent in the trend, although a daily close below 6820 would be the firm indication of a bearish trend.
Intraday, the index so far shows little desire to push below 6870, with dip buyers so far entering around this level.