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UK GDP beats | 8550 8500 support | 8600 8640 resistance

#1 · 15th May 2025, 10:26 am

Technical analysis for FTSE 100 for 15th May 2025

UK GDP has just been released showing a small beat of the forecasts, however the FTSE100 has continued its slide from the 8640 level. That remains the resistance level to beat for the moment if the bulls are to target the 8690 area. Initially today we may well see some continued selling and a drop down to the 8500 area. That would fit well though as it would test the daily 25ema for the first time, and we also have the S2 and 20d Raff channel here for support.

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