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NFP Friday with 8286 8327 8376 resistance | 8235 8196 support

Technical analysis for FTSE 100 for 4th October 2024

Key developments that could influence markets on Friday:

  • U.S. nonfarm payrolls report (September)
  • Bank of England's Huw Pill speaks
  • Speeches from various European Central Bank policymakers

Given the backdrop the FTSE100 has held on quite well, helped by energy stocks and a strengthening dollar mainly. The Bulls will be looking to break above the daily pivot level at 8286 today, as that would lead to yet another test of the 8320 area which has been very strong resistance on several occasions now. That also links in with R1 at 8327 for today, and 8333 for daily resistance. As such a short here is worth taking once again.