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Non Farm Payrolls 150k | 7703 7734 resistance | 7650 7620 support

Technical analysis for FTSE 100 for 5th January 2024

The FTSE 100 rebounded on Thursday after a weak start to the new year as Next shares touched a record high after the clothing retailer upgraded its earnings outlook and helped outweigh a slump in JD Sports following its profit warning.  The blue-chip FTSE 100 rose 0.5% after two straight days of losses when traders across the globe unwound their bets on aggressive monetary easing this year.