For today I am thinking that we will see more consolidation and a fairly flat day while we wait to see what the US does with their rates on Wednesday and what the BoE announce on Thursday. a slight decline towards the 7455 level looks possible as some profits are banked after the recent rises, with the possibility of a decline down to the 7407 daily coral line still a possibility. That said, I think the bulls will try and defend the 7455 level quite strongly as they are still hopeful of a rise towards 7600 soon.
Should the 7455 level break then there is a key fib level at 7435 which may well be worth a long, as we also have S3 there. The 2 hour chart is still weakly bullish, with support at the 7478 level still. The more it's tested the more likely it is to break though.
If the bulls can push above the 7493 level initially, then a rise towards the fib level at 7531 looks possible, though we also have the top of the 10 day Bianca channel at 7522. The 7520 resistance level was the one that held well on Friday.
So, thinking a bit of a dip and rise day today, and watching that 7455 level closely - hold of that keeps the bulls in the game.