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Can the bounce continue | 8355-8340 to defend | 8299 below | 8395 8422 resistance

#1 · 21st October 2024, 10:51 am

Technical analysis for FTSE 100 for 21st October 2024

A decent end to Friday with the climb off the 8320 level that the bulls will be looking to roll into a bull Monday today and a possible test of the 8395 resistance area. We have R1 here as well as it being the level that got a bearish reaction last Thursday. It's also worth noting that the 2h chart is bearish to start the week, following the bulls failure to break above the 8380 level on Friday. That also has 8380 as resistance so we could see a fake break above and then a drop back down today.

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