FTSE weakness brings us into Fibonacci support
The FTSE has turned lower this morning, following on from a disappointing Bank of Japan meeting. While price has broken through trendline support, we are yet to break out of this rally, with an hourly close below 6663 required to signal a potential wider sell-off for the index.
With that in mind, it is worth being aware of another potential move higher as long as price remains above 6663. The 76.4% retracement is once more a key support level to be watching, with early price having respected this level perfectly so far.