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BoE to hold rates | looking bearish again | 8799 8781 support | 8840 8870 resistance

#1 · 19th June 2025, 9:23 am

Technical analysis for FTSE 100 for 19th June 2025

Overnight we have seen another sell the rally kick in, with a lower high at 8870 this time as the markets remain fearful. The Fed talked it down last night, the USA is brewing on the sidelines regarding the Middle East, and we have the BoE today with rates highly likely to remain as is. As such a rise and dip again with a buy the rumour, sell the news (and short the fear!) later on would make sense. The bulls have certainly fought valiantly to keep the price above the 8800 level for the moment, and 8900 remains the line in the sand that they need to break.

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