Breach of resistance line imminent by UK 100 Index
UK 100 Index is moving towards the resistance line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If UK 100 Index continues in its current trajectory, we can expect it to reach 7040.5000 within the next 11 hours.
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