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FTSE breaking higher from Fib support
The FTSE is heading higher this morning, following a retracement into the 76.4% retracement earlier this week. This provided us with a great buying opportunity to go long at the 7268, with a strong risk to reward resulting from the deep pullback.
Given that price has remained well above the 7251 support level, a bullish outlook remains in play, with a break back through 7323 looking increasingly likely.