FTSE had to form sudden negative rebound to settle around 7500 level, but the stability of 7450 support confirms blocking the price within the bullish range, to keep waiting to gather new positive momentum and repeat the bullish attempts until reaching the first main target at 7625 followed by waiting to touch the bullish channel's resistance at 7720.

Stochastic release from the overbought areas might force the price to renew the sideways attempts for now and allow the price to gather the required positive momentum to reach our targets.

Expected trading range for today is between 7450 and 7625

Expected trend for today: Bullish