Technical analysis
FTSE Wave Analysis – 27 January, 2022
January 27, 2022 @ 19:42 +03:00
![FTSE Wave Analysis – 27 January, 2022 FTSE Wave Analysis – 27 January, 2022](https://fxpro.news/wp-content/uploads/2019/10/ftse2.jpg)
• FTSE reversed from support level 7400.00
• Likely to rise to resistance level 7635.00
FTSE index continues to rise after the index reversed up from the key support level 7400.00 (former top of waves 1 and (i) from November and December).
The support zone near the support level 7400.00 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from November.
Given the clear daily uptrend – FTSE can be expected to rise further toward the next resistance level 7635.00 (top of the previous impulse from the middle of this month).
![](https://fxpro.news/wp-content/uploads/2022/01/ftse2-primary-analysis-jan-27-1814-pm-1-day-1024x479.png)