The FTSE 100 gapped lower at the open on Friday, reaching down towards the 7350 handle. We found a bit of support there, and I think we could turn around
The FTSE 100 gapped lower at the open on Friday, reaching down towards the 7350 handle. We found a bit of support there, and I think we could turn around to fill that gap. If we can break above the 7400 level, then I think the market was much higher. Ultimately, this is a market that should see a significant amount of volatility, as there are a lot of crosswinds when it comes to the British pound and the British economy on the whole. Expect choppy behavior, but I think the longer-term we probably have higher pricing coming.
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.