FTSE 100 Price Forecast August 18, 2017, Technical Analysis

The FTSE 100 fell slightly during the day on Thursday, breaking below the 7400 level. The market looks as if there is going to be a bit of bearish pressure, so if we can break below the 7375 handle, I think we probably go looking towards the 7350 level, and then eventually 7300 level. Alternately, if we can break above the 7440 handle, then I think that the market goes higher, looking for the gap above at the 7500 level, which I think is probably where we end up. All things being said, I believe that we will see volatility in the currency markets could have a say as well. If the British pound starts to sell off, that could be good for this market also.

FTSE 100 Video 18.8.17