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FTSE 100 rallying into historical resistance
The FTSE 100 has continued its recent ascent, with the price breaking towards a crucial resistance level today. This is going to be the key line in the sand for the pair, with a break above that level providing a two-month high.
However, more importantly, such a break would be hugely significant for negating the wider bearish trend that has been in play throughout much of 2018. With that in mind, watch for 7340 as the crucial level to watch, with the potential for a breakout or reversal to set us up for the end of the week’s trade.