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NFP Friday | Rise and dip | 8227 8251 resistance | 8170 support

#1 · 3rd May 2024, 9:25 am

Technical analysis for FTSE 100 for 3rd May 2024

It's NFP Friday so keep your guard up as it can be odd, and we also have a UK bank holiday on Monday so no email that day. As such we may well see some profit taking at the close of business on the FTSE100 today, especially as we have finally tested the 8205 daily resistance level overnight. Not much of a reaction so far, but that should bring the next daily levels into play at 8225 and 8300.

We may well see an initial drop this morning down to the 8170 level where we have decent support, with the daily pivot, 2h coral and Hull MA all here. I would like to see this hold if its tested as that would then bode well for some further upside on the FTSE100 over the next few sessions.

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