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Economy slows as Britain braces for Budget tax rises | 9916 9955 resistance

Technical analysis for 13th November 2025

FTSE100 Bias

  • Bias: Mildly Bullish / Trending with Caution

Rationale & Key Observations:

  • Technical indicators show a “Strong Buy” rating on moving averages and oscillators
  • The index is trading at record highs, which confirms trend strength but also raises caution around potential over-extension.
  • Support remains firm (e.g., ~9,623 zone) and upside still exists toward resistance near ~9,951.
  • The broader context includes favourable currency dynamics, yield appeal, and global earnings exposure for UK-large-caps.

Interpretation:

  • The path of least resistance remains upward while support holds; thus bias is buy-on-dips.
  • But because momentum is strong and price is near extremes, expect possible pauses or consolidation ahead rather than a straight run.
  • A break below key support would shift bias toward neutral.