FTSE 100 drops back from all-time high
Having hit new records at the end of 2017, the FTSE 100 is in pause mode as 2018 gets underway. The first area of support to watch for is 7600, and then down to 7550.
A continuation of the rally will require a move above the record high of 7705. The breakout to new highs should be seen as a validation of the strength of the move, with dip buyers likely to step in, to maintain upward momentum.