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ForumTrading Forum with market discussion and live trades: Market DiscussionUK GDP | Growth in February | 799 …

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UK GDP | Growth in February | 7990 8033 8086 resistance | 7940 7900 support

#1 · 12th April 2024, 8:56 am

Technical analysis for FTSE 100 for 12th April 2024

The main event is that UK GDP has just come in as forecast at 0.1% for February. That should help the bulls a little bit today and a possible push up towards the 7990 initial resistance level. We have R1 and the key fib here, as well as a bearish 2h chart (resistance though at 7959 to start with on that) and as such may well see the bears have a go here. As per yesterday though the bulls will be keen to target the 8000 level and put in a strong end to the week.