For today I am expecting a rise as we are at the start of a new month so likely to get an influx of new money. We are sat at the 7520 resistance as I write this so a small dip down pre market open to test the 7498 daily pivot is probably likely before the rise starts about 8:30/9am.
There is however, a lot of resistance levels in the 7549 to 7562 region so the bulls might see a pause here - will be a good spot to take some profits from longs. If they can break above the 7562 area then 7600 beckons, but might be a big ask for today ahead of the BoE tomorrow. With a rate increase largely expected we might see a bit of caution creep in this afternoon.
If the bulls can defend the 7498 level then the rise should happen, however if the bears break below this then 7452 beckons and a defence of this is needed if the bullish trend is to remain intact. If not then it might just get a bit more bearish, with sub 7400 a distinct possibility.
So, 7520 and 7555 are key resistance levels to watch today, while 7498 and 7452 are the key supports.