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Bulls now need to break 8525 | 8463 8425 support | US Q1 GDP

#1 · 30th April 2025, 9:31 am

Technical analysis for FTSE 100 for 30th April 2025

The bulls managed to defend the dip yesterday, albeit slightly lower than the 8420 support level. On a positive note they have now broken the 8470 resistance level and we got a test of the 8502 - that bodes well for more upside and a potential test of the initial resistance at the 8525 level today. With R1 and the key fib here, we could see the bears have another go, and it may well link in with the S&P500 rising to test the 5586 resistance level we have on that today.

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