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FTSE 100 pauses after bullish breakout
The FTSE 100 managed to break higher from a period of consolidation yesterday, with the price pushing through both trendline and horizontal resistance.
We are now seeing the index drift lower, yet given the gains we have seen of late, it looks likely that further upside is around the corner. With that in mind, short-term weakness is seen as a buying opportunity unless the price breaks back below 7271.