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FTSE 100 Forecast September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:31 GMT+00:00
The FTSE 100 gapped lower on Friday and broke down towards the 7200 level. This is a very negative sign, and if we can break down below the 7200, I think
The FTSE 100 gapped lower on Friday and broke down towards the 7200 level. This is a very negative sign, and if we can break down below the 7200, I think we go to 7100. Rallies will be resistive, and it’s not until we break above the 7300 level that I would be interested in buying. With the GBP/USD pair rallying as strong as it has as of late, due to the Bank of England forecasting interest rate hikes, exporters are getting hammered in the United Kingdom. That of course is negative for this index, and that being the case I think we continue to see some bearish pressure.
FTSE 100 Video 18.9.17
About the Author
Christopher Lewisauthor
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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