Categories: Technical analysis

FTSE 100 Wave Analysis – 1 November, 2021

• FTSE 100 broke key resistance level 7285.00

• Likely to rise to resistance level 7400.00                                                                 


FTSE 100 index continues to rise after the price broke the key resistance level 7285.00 (previous monthly high from October).

The breakout of the resistance level 7285.00 accelerated the active intermediate impulse wave (5).

Given the clear multi-month uptrend, FTSE 100 index can be expected to rise further toward the next resistance level 7400.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: FTSE 100

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