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Bearishness continues 7800 7600 support | 7900 7990 8144 resistance | HODL

#1 · 7th April 2025, 9:34 am

Technical analysis for FTSE 100 for 7h April 2025

*HODL - Hold On For Dear Life

Asian markets plunged overnight after Donald Trump warned foreign governments they would have to pay “a lot of money” to lift sweeping tariffs.

The US president compared the tariffs to “medicine”, his remarks triggering further carnage across global financial markets.

Another day and another sell off as the repercussions of the tariff announcements continue to play out. That said, having set an overnight low at 7660 the FTSE100 buying has kicked in and we are now at the 7900 area already. Volatility is the nature of the beast for the moment! I am thinking that we may well see this bounce continue to play out today and it might even manage to get to the 8144 daily pivot level if it gets a decent tailwind and before turning down again.

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