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FTSE 100 continues to grind higher
The FTSE 100 remains in a bullish phase, with the index enjoying a significant boost from a weak pound of late.
The Bollinger band appears to encompass much of the price action, with the majority being confined to the upper zone of the band. With that in mind, there is a strong likeliness we will continue to see the price shift higher, where a break below the middle Bollinger band would point towards a potential move into the lower boundary of the Bollinger. However, such a move could actually represent a buying opportunity, and a bearish outlook would only come with a break below the 7334 swing low.