The FTSE 100 gapped higher at the open for the week, and then continue to go higher. The market cleared the 7200 level during the Friday session, and
The FTSE 100 gapped higher at the open for the week, and then continue to go higher. The market cleared the 7200 level during the Friday session, and looks set to go to 7500 above. The 7125 level should now offer support as it has been so resistive in the past, but I am the first to admit that we are a bit overbought so a pullback could be coming. That pullback should be a nice buying opportunity in a market that continues to benefit from a softening British pound.
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.
