FTSE 100 Breaks Above Range Resistance as Momentum StrengthensUK 100 CFDFOREXCOM:UK100FOREXcomThe FTSE 100 has moved above the 10,700 resistance area, marking a bullish breakout from the multi-month consolidation range. The latest daily candle closed firmly above this level, suggesting that prior resistance may now act as an important support zone. The broader trend structure remains constructive. Price is trading above both the rising 50-day SMA near 10,480 and the 200-day SMA near 10,210. The 50-day average also remains above the 200-day average, reinforcing the positive medium- and long-term trend alignment. Momentum indicators support the breakout. MACD is above its signal line and remains in positive territory, reflecting strengthening upside momentum. RSI is near 63, which indicates bullish pressure without yet reaching conventional overbought conditions. The next major technical barrier is the previous high around 10,938. A sustained hold above 10,700 would strengthen the bullish interpretation, while a move back below that level could signal that the breakout lacks follow-through. Further below, the 50-day SMA and the established 10,150 support area remain key reference points. Overall, the daily chart carries a bullish bias while price remains above the former 10,700 resistance zone. -MW