Categories: Technical analysis

UK100 Wave Analysis – 20 July, 2021

• UK100 reversed from support zone
• Likely to rise to resistance level 7000.00

UK100 index recently reversed up from the support zone lying between the key support level 6840.00 (former low of waves (iv) and (a)), lower daily Bollinger band and the 50% Fibonacci correction of the upward impulse from January.

The upward reversal from this support zone stopped the earlier short-term ABC correction 4 from the start of May.

UK100 index can be expected to rise toward the next round resistance level 7000.00 (former powerful support from June and July).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

5 hours ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

6 hours ago

Gold shines on an anti-fiat thesis

The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…

15 hours ago

SP500 Current situation #trading #tradelikeapro #sp500 #tradingshorts #tradingstrategy

Today is Monday, the 12th of January, and once again we will talk about the…

16 hours ago

Crypto: sell-the-growth continues

Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…

17 hours ago

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

3 days ago

This website uses cookies