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 reversed from support zone
• Likely to rise to resistance level 7550.00
FTSE 100 index recently reversed up from the support zone lying between the support level 7225.00, lower daily Bollinger Band and the 50% Fibonacci retracement of the upward correction 2 from March.
The upward reversal from this support zone stopped the previous downward impulse waves (iii) and 3.
FTSE 100 can be expected to rise further toward the next resistance level 7550.00 (top of the earlier minor correction (ii)).
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