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FTSE 100 rallies after yesterday’s pullback
The FTSE 100 rally came under pressure yesterday, with the price falling sharply despite early gains. Fortunately we didn’t see the price break below 7371, with the market turning higher once more this morning.
This continues to look like a bullish phase for the FTSE 100, with the creation of higher lows pointing towards a break higher. Given the lower highs, a bullish confirmation signal would come in the eventuality of a move up through 7439.