FTSE holding minor support at 7420/25 re-targets strong resistance at 7465/75. Shorts need stops above 7490. A break higher is a buy signal targeting 7510/15, 7530/34 and perhaps as far as the 7555/60 high.
Failure to hold minor support at 7425/20 tests better support at 7390/80 – stops below 7370. Further losses test strong support at 7340/30. Try longs with stops below 7300. Just be aware that a sustained break below 7320 is an important medium term sell signal.