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ForumTrading Forum with market discussion and live trades: Market DiscussionAugust GDP ticks up | 8220 8190 s …

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August GDP ticks up | 8220 8190 support | 8282 8312 resistance | Dip rise dip

#1 · 11th October 2024, 10:11 am

Technical analysis for FTSE 100 for 11th October 2024

To kick things off today we have the GDP news which shows that we grew by 0.2pc during August, according to the Office for National Statistics (ONS). The expansion follows two months of zero growth experienced in June and July, and was in line with analyst forecasts.

As such I am thinking that we will get a dip and rise play out this morning and a test and hold of the 8220 level would fit the charts well. Ahead of the weekend we may well see some profit taking late on though as a cautious air pervades, and mimicking the end of the Asia session.

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