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5.25% rates BOE | 8242 8269 resistance | 8190 8170 support

#1 · 20th June 2024, 10:18 am

Technical analysis for FTSE 100 for 20th June 2024

Great bounce off the 8170 support yesterday and 8210 remained as the resistance all day but has broken overnight to see a test the 8227 level. As such we may well see a drop back this morning towards the daily pivot at the 8190 level.

The bulls will be keen to defend any drops, and also the 8200 round number. However, we have the BoE rate news at 12:30 though expected to remain unchanged this time around.... even though inflation is finally back at 2%.

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