For today I think we might see the upper resistance level at 7278 again, and there is a chance that we see higher than this towards 7330. The bulls hung on pretty well yesterday with a small drop off the early resistance and they tried to break the 7260 resistance, failing on this first attempt. The bears fought back though with a small drop from this level, though didn't really take the fight to the bulls, only managing a small drop yesterday and overnight.
The main resistance levels that I am watching today are at 7278 where we still have resistance on the 2 hour chart, and then the 200ema on the daily chart at 7324. There is also resistance at 7293 from a fib and R2 and 7300 (previous resistance and round number) so we may well see a stutter at this area. If we do get one then it's probably worth hopping on a short.
The bears will be trying to break S1 at 7226 early on this morning, with support at 7206 below that which looks fairly strong - 200ema on the 30min here so whilst not in the trade plan, could be worth a long. Daily support longer term is at 7134 where we have the 25ema on the daily, and would be worth a long here too.
So, for today I am cautiously bullish looking for a rise towards the 7280 level initially. Some key resistance level fairly close together - 7278, 7294, 7324. Support 7226, 7206 and 7134.