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 resistance level 6645.00
• Likely to test resistance level 6900.00
FTSE 100 index continues to advance after the price broke the resistance level 6645.00 intersecting with the 50% Fibonacci correction of the previous ABC retracement from the start of January.
The breakout of the resistance level 6645.00 was preceded by the breakout of the short-term down channel from last month.
FTSE 100 is likely to rise further toward the next resistance level 6900.00 (target price for the completion of the active impulse wave (3)).
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