FTSE 100 - Fresh highs likely if 7360 is breached
Resistance at 7360 (falling trend line) if breached this week would open doors for 7500 levels. Pound is looking toppy in the short-term and could witness a pull back if the BOE on Thursday talks down inflation threat amid weak commodity prices.
A turn lower from 7360 area could end up in a larger head and shoulder formation with neckline at 7100 levels.
A turn lower from 7360 area could end up in a larger head and shoulder formation with neckline at 7100 levels.
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