UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracemen, horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 7205 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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