The FTSE 100 has reached a three-month high after Boris Johnson confirmed that the UK’s economy would reopen next week.
The index is rising along the 20-hour moving average and is heading towards the previous high at 6960. A breakout above that major resistance could open the door to the pre-covid level (7400).
The RSI has entered the overbought area and may draw a temporary pullback. In this case, the resistance-turned-support 6805 would be the level to watch for trend followers.
