FTSE 100–Buyers Defend Key Support as Recovery Attempts to build

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FTSE 100–Buyers Defend Key Support as Recovery Attempts to buildUK 100CAPITALCOM:UK100Sir_Stylez_Following the sharp sell-off highlighted in the previous analysis, the FTSE 100 has begun to stabilize above the 10,430–10,450 demand zone. Buyers have successfully defended this area, preventing further downside and initiating a short-term recovery. While the immediate bearish momentum has eased, the index remains below the major 10,600 resistance, meaning the broader recovery is still in its early stages. Technical Analysis As discussed previously, the rejection from 10,680–10,700 marked the end of the prior bullish sequence and triggered an aggressive bearish range expansion that broke several intraday support levels. The latest price action suggests sellers are losing momentum as buyers respond from a historically significant demand zone. Key observations include: Buyers successfully defended the 10,430–10,450 support zone, preventing a continuation of the recent bearish impulse. Price has started producing higher lows and higher highs from the recent swing low, indicating improving short-term bullish momentum. The recovery has reclaimed the 10,500 psychological level, showing renewed buying interest after the sharp decline. Despite the rebound, price remains below the 10,600 resistance zone, which previously acted as major support before turning into resistance. The broader medium-term structure remains constructive, but the market must reclaim 10,600 to shift the short-term bias back in favor of buyers. Momentum has improved from the recent lows, but confirmation is still required before a sustained bullish reversal can be expected.