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Bulls need to defend 10135 | 10099 below | 10202 10233 resistance

Nick@ht-admin
#1 · 23rd January 2026, 11:29 am

Technical analysis for 23rd January 2026

The bulls are hanging in there and will be looking to build on the recent strength to close the week out strongly, however there is initial resistance at the 10170 level with the daly pivot and the red 30m coral here, so they will need to break this. if they do so then we should see a rise towards the 10233 key fib level and a push past the R1 at 10202 and round number. We may well see some profit taking here ahead of the weekend, but if the rise were to carry on then I am looking at the 10283 level as the next main one. Again, it's probably worth a short here as well.

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Last edited on 23rd January 2026, 11:31 am by Nick