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FTSE 100 tries again to hit 7700
The FTSE 100 continues to find it difficult to hold above 7700 on a sustained basis, although after a week of gains it was always going to be a tough call for the bulls to hold their ground late on Friday.
So far, the index appears to be holding its ground above trendline resistance from the all-time high, and a further push higher will target the 7700-7720 area that has stymied progress since mid-June. A close below 7650 suggests a move back to 7560 in the near term, and then down to 7500.