A London Stock Exchange sign sits on glass in the atrium of the London Stock Exchange Group Plc's offices in Paternoster Square in London, U.K., on Monday, July 25, 2016. Deutsche Boerse AG has yet to secure shareholder acceptance for its 10.6 billion-pound ($13.9 billion) takeover of London Stock Exchange Group Plc, although it edged closer with 55.5 percent of investors giving it the go ahead. Photographer: Chris Ratcliffe/Bloomberg
• FTSE 100 Index reversed from resistance level 6800.00
• Likely to fall to support level 6675.00
FTSE 100 Index today reversed down from the resistance level 6800.00 (which has been reversing the price from January) – standing near the upper daily Bollinger Band.
The downward reversal from the resistance level 6800.00 stopped the previous intermediate impulse wave (3) from last month.
With the overbought reading on the daily Stochastic – FTSE 100 Index is likely to fall further toward the next support level 6675.00 (former resistance from the end of February).
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