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 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.
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