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NFP Friday with 180k forecasted | 7510 7485 support | 7555 7566 7585 resistance

#1 · 8th December 2023, 9:41 am

Technical analysis for FTSE 100 for 8th December 2023

Initially the FTSE100 is looking positive and a rise towards the 7555 resistance level looks likely first thing. We have R2 here, and also the key fib, though there is daily resistance just above at 7567. As such a small overshoot and drop back may well play out. Above the 7565 level then the bulls will be aiming for the 7600 round number and a break of R3 at 7585. That might be a big ask for a Friday but with NFP in play for today anything is possible. And it's a Friday!