Technical analysis for FTSE 100 for 22nd September 2025
The bulls did a good job of defending the 9200 area on Friday and will be looking to build on that today with a bull Monday and a rise towards the 9260 resistance area ideally. Initially we have S1 at 9199 as support, so keep an eye on this level. Any break of this will likely see a slide down to the 9162 level where we have the key fib and next daily support level so I would expect to see a bounce here. Worth a long here also if it were to get tested.
Below this then the lower daily support of note is at the 9107 level but I would expect the higher supports to hold today.
For the bulls then look for a rise to test 9247 R1 initially, and there is the potential for that 9260 area as mentioned. If they were to break above this we have R2 at 9272 and then 9295 for R3 and just above the daily level at 9290. That feels a bit optimistic for today and I am more inclined to go with the 9265 area capping things today.
The 2h chart remains bullish for the time being with the Hull MA support at the 9209 level still and the daily chart chart has got a bit weaker with the bulls failure to pull away from the 9200 level. That is reflected in the 10d Raff channel starting to head down now as you can see on the daily chart, though with the price currently hugging the middle of both the channels we could see them turn back up again over the rest of September. The key will be how good the bulls are at defending the major supports this week and 9160 and 9200 to start with.
On the news front we just have Bailey speaking this evening at 7pm as the main event.
For the S&P500 initial support is at the daily pivot at the 6650 level and this ties in with the Hull MA on the 2h chart as well, so it would be good to see an early hold of this level for a rise toward the 6691 key fib, and R2 at 6701. Initially we also have R1 at 6680 to get past though a decent bull Monday from the US should see a rise towards that round number. A break of the pivot and then look for 6623 where we have the 200ema on the 30m and then 6605 key fib below that for reactions. Again I would like to see a bull Monday overall on this today and more upside towards that round number.
The DAX40 is a similar picture with a bullish 2h chart to start with today and support from the Hull MA at the 23570 area and then a green coral at 23535 below that. That Hull MA links in with S1 at 23567 as well so ideally we see a hold of this support for a rise towards the 23750 level where we have the key fib and R1. The bulls may struggle to break this and we may well see some profit taking here, as the daily chart is looking bearish still so longer term traders are still in "short the rallies" mode on this.
Good luck today.
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