The FTSE 100 edged lower after active job postings in the UK hit a record high.
The index came under pressure at the psychological level of 7400. A combination of an overbought RSI and its bearish divergence suggests that the rally was losing momentum. Sentiment remains upbeat and a pullback could be an opportunity to get filled at a better price.
Trend followers may be waiting to buy the dip near the first support at 7315. A deeper correction would send the price to 7255 along with the 30-day moving average.
