The FTSE 100 inched higher after Britain’s unemployment rate fell to 4.5%.
The index has met strong buying interest over the key support (6830) on the daily chart. The triple bottom is an indication of the bulls’ commitment to maintaining the uptrend.
A surge above 7085 has attracted more attention as the price swiftly recovered above the psychological tag of 7000 once again.
A breakout above 7170 would signal a bullish continuation, triggering a runaway rally as those who are patiently waiting on the sidelines bid up.
