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FTSE 100 Price Forecast September 11, 2017, Technical Analysis

By
Christopher Lewis
Updated: Sep 9, 2017, 05:38 GMT+00:00

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

FTSE 100 daily chart, September 11, 2017

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.

FTSE 100 Video 11.9.17

About the Author

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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