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Looking bullish with 8833 8803 support | 8860 8889 8916 resistance | UK CPI

#1 · 18th June 2025, 10:06 am

Technical analysis for FTSE 100 for 18th June 2025

The FTSE100 has been pretty resilient and looks to be gearing up for another test of the 8900 level and a potential break higher. The longer term time frames show 9300 as a possible destination! Today it will be focussed on the Fed (and the wars!) while UK CPI YoY has just shown a slight drop to 3.4% from 3.5% previously. The Fed isn't till 7pm, while we have Initial Jobless Claims at 1330 so expect volatility at these times. I doubt that we will see an interest rate change from the Fed today. September still looks likely for the next UK cut while we are on the subject!

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