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.
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.
