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More upside towards 9350 | 9411 above | 9260 9235 support | Long weekend

Nick@ht-admin
#1 · 22nd August 2025, 10:05 am

Technical analysis for FTSE 100 for 22nd August 2025

Well that was a decent bounce off the 9260 level yesterday and the bulls have managed to defend the 9300 level overnight as well. We may well see a rise and dip play out with some profit taking and position reduction ahead of the long weekend towards the close later. A rise to test the 9350 level before dropping off would fit the chart well as we have the R1 here along with it being just above the 20d Raff channel top, at 9332.

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Last edited on 22nd August 2025, 10:06 am by Nick