Categories: Technical analysis

FTSE 100 Wave Analysis – 28 April, 2022

• FTSE 100 reversed from support level 7345.00
• Likely to rise to resistance level 7535.00

FTSE 100 index recently reversed up from the support level 7345.00, intersecting with the 38.2% Fibonacci correction of the upward ABC correction 2 from the start of March.

The upward reversal from the support level 7345.00 created the daily candlesticks reversal pattern Piercing Line.

FTSE 100 can be expected to rise further toward the next resistance level 7535.00 (former support from the start of April).

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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