FTSE 100 Price Forecast September 8, 2017, Technical Analysis

The FTSE 100 rallied during the day on Thursday, slamming into the 7400 level. This is an area that offered a bit of resistance though, so a short-term pullback would be expected. I think that we will eventually find buyers though, perhaps trying to fill the gap above at the 7450 handle. With that being the case, it’s likely that we will see volatility, but I do like the idea of buying the FTSE 100 if we can stay above the 7350 level. This is a market that should continue to see interest, but the British pound has strengthened lately, and that continues to put a little bit of pressure into this market occasionally.