The FTSE as you can see bounced during the session on Friday, heading back towards the 6550 level. That being the case, the market is looking very likely
The FTSE as you can see bounced during the session on Friday, heading back towards the 6550 level. That being the case, the market is looking very likely to go higher, but we need to break above the 6560 level in order to start buying. On the other hand, the 6450 level below been broken would of course be a very negative sign. In the meantime, we will wait and see what happens over the next session or two. The FTSE is most certainly oversold at this point in time, and as a result a bounce is very likely.
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.
