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FTSE 100 Forecast January 11, 2017, Technical Analysis

By:
Christopher Lewis
Published: Jan 11, 2017, 04:31 GMT+00:00

The FTSE 100 continues to be one of the strongest markets I follow, as we have broken above the 7250 handle. This is predicated upon higher export levels,

FTSE 100 daily chart, January 11, 2016

The FTSE 100 continues to be one of the strongest markets I follow, as we have broken above the 7250 handle. This is predicated upon higher export levels, due to the soft British pound. At this moment, I have no interest in selling this market and believe that the 7125 level below is the “floor” in the FTSE 100. I think pullbacks offer value that you can take advantage of and we will eventually try to reach towards the 7500 level. The market is a bit overextended, so I prefer those pullbacks more than anything else.

About the Author

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.

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