The FTSE 100 rallied on Monday, but gave back a bit of its gains once we got close to the 6800 level. A break above there should send this market towards
The FTSE 100 rallied on Monday, but gave back a bit of its gains once we got close to the 6800 level. A break above there should send this market towards the 7000 level above, which is resistance as far as I can see. Because of this, I remain bullish but recognize that it is going to be noisy. Ultimately, we are still in a consolidation zone but I feel that the market will continue to show signs of strength over the longer term as the British pound continues to fall over the longer term.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
