UK employment data positive but 8250 resistance

The bulls fought back well yesterday and the 8170 level held well to enable a touch of the 8250 level yesterday evening. That remains as initial resistance for today and we have the UK employment data due out as I write this (it's just come in as positive). The climb yesterday may well have been a precursor to the data as well

We have the 30m 200ema at 8247 and the red 2h coral at 8249, as well as that 25ema on the daily at 8260 as mentioned yesterday which has now gone bearish given the drop off the 8350 area last week. As such a drop back to start the day and at least start off with a bear Tuesday attempt would fit the chart well, to drop down and test the 8170 support level again.

8166 remains the daily support level and having bounced just above this it looks like pretty viable support. 

Initially though the daily pivot and green 30m coral at 8222 is major support to start with today, so if we do see some profit taking as the news gets digested we could drop down to here to start with. Below this 8194 is S1 then that 8170 level as mentioned. 

If the bears were to break 8165 though then a slide down to the round number at 8100, and S3 at 8114 may well be on the cards though I am not expecting it to get that low. 8150 is also the bottom of the 10d Raff channel. That said, should we see the bears have a go today then I would like to see that 8170 level hold again and would also set up a double bottom bounce ahead of tomorrow's US inflation data/Fed rate decision. 

Given that is big news tomorrow, a drop back this morning then a climb later as buy the rumour, sell the news plays out would make sense. 

After yesterday's climb the 2h chart has gone bullish and at 8234 as support from the Hull MA.... So it will be up to the bulls to try and push above the red coral at 8249 and the 25ea at 8260. 

The ASX200 had a dip and rise and we may well follow suit, though oil prices ticking back up will help the commodity heavy FTSE100.

Good luck today