Intraday Analysis 28.07.2026

UK 100 (FTSE) extending the streak

The UK 100 (FTSE) was boosted with early rumours that ceasefire talks are ongoing to bring a close to the Middle East conflict.

• A bounce above the first resistance of 10820 prompted sellers to cover and gave the buy side more reasons to hit another high.
• 11000 is the next key hurdle to lift before the index can enjoy an extension.
• 10680 is a major level to keep the momentum valid.
• A deeper correction could send the index towards 10600 as the RSI remains majorly overbought.
  

AUDUSD pushing higher

The Australian dollar inched higher after breaking through the psychological 0.7000 barrier.

• Prices look set to extend further, with a spike at 0.7030, as bulls hope to keep the bullish bias intact.
• The next target at 0.7060 is an important resistance as its breach would prompt more sellers to take profit.
• On the downside, 0.6980 is the immediate support to keep the rebound momentum flowing.
• 0.6920 is a critical floor further down.

EURJPY stuck in consolidation

The euro continues to look for direction after moving away from its recent peak.

• As the price hovers around 186.50, the RSI’s venture into the overbought area could trigger a pullback.
• Sentiment remains extremely cautious, and bulls could look to keep the direction intact, with a move towards 187.00.
• Further down, the psychological level of 186.00 is a major support to monitor.
  

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