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FTSE 100 Forecast January 23, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Jan 21, 2017, 07:41 UTC

The FTSE 100 had a slightly negative session on Friday, but quite frankly I think that regardless what happens we will find plenty of support just below.

FTSE 100 daily chart, January 23, 2016

The FTSE 100 had a slightly negative session on Friday, but quite frankly I think that regardless what happens we will find plenty of support just below. Because of this I am waiting to find some type of support of candle to go long. The 7125 level is going to be the “floor” in this market, and I think we will reach towards the highs given enough time. I believe that the following British pound will continue to benefit this market, so having said that I am bullish and have no interest whatsoever in selling.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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