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Bulls need to break 8170 to target 8223 8280 | 8116 support | rise and dip today

#1 · 15th April 2025, 9:47 am

Technical analysis for FTSE 100 for 15th April 2025

The FTSE100 paused for breath yesterday with "only" a 100 point range all day. The 2h chart remains positive for the time being, and we may well see a rise and dip play out today with a bear Tuesday kicking in later.

Initial support is at the daily pivot at the 8116 level and it would be good to see this hold for a rise to test the 8170 level where we have the R1 and key fib resistance levels. This then looks to be decent resistance and would also set up a decent double top with yesterday and as such should get a reaction.

If the bulls can push past 8172 though we can then look for the 8223 R2 level and ultimately a test of the 8280 level which is the next daily resistance level of note and may well cap this leg up for the time being. 8276 is also R3 for today.

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