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China increases tariffs as well | 7870 7780 support | 8060 8170 resistance

#1 · 11th April 2025, 10:23 am

Technical analysis for FTSE 100 for 11th April 2025

What will the end of the week bring?! Initially today I am thinking that we will see a dip then a decent rise, with a test of the support level at 7880 where we have the key fib and just above the overnight low at 7860. If this holds then we may well see the bulls manage to push on today and once again they will be looking to break and hold above the 8000 level.

The 8170 level is proving a tough nut to crack for them though, having dropped off that on both Wednesday and Thursday. If we were to get that high today and it be the third test then we could see it break.

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