Technical analysis for FTSE 100 for 12th September 2025
I am still running a portion of the long from 9254 from yesterday and I am looking for the bulls to push on further towards the 9350 area today. GDP has just come in at 0% as the economy continues to stagnate thanks to the various fiscal policies of the government....
The bulls will be looking to defend any drops today and we have initial support at the 9292 daily pivot level, along with the 2h Hull MA here, having had that time frame go bullish following the bounce yesterday afternoon. The US will also be looking to push on today and that in turn may well help the UK bulls.
If the bears were able to break 9292 then the slide may well gather pace towards S1 at 9260 where we also have the 30m 200ema, with 9234 key fib below that and possibly even S2 at 9207. I am more inclined to go with the daily pivot holding though, but do trade a bearish break out of 9292, and also 9260.
Above 9358 meanwhile and the bulls will be looking to target R2 at 9376 however this daily resistance level at 9358 is going to be quite strong as its the recent high, so the bulls will have a bit of a task on their hands to push past this. Also note that the top of the 20d Raff channel is just above R2 at 9382.
We are looking at a range between 9358 and 9292 for today unless a breakout plays out above or below those levels.
It looks to be a fairly similar pattern with the DAX40 and a rise and dip to play out as we may well see some profit taking ahead of the weekend later on. The bulls will need to defend the daily pivot at 23700 and we also have the Hull MA on the 2h here, so worth a long off this level to target the 23869 level, where we have the key fib resistance and a level that we may well see the bears shorting from. The daily chart also remains bearish with the 25ema at 23925 for resistance which is also R2 for today. A break above the fib will likely test this and again a short here is worth taking.
Bear in mind it is Friday and it can pay to be a bit more cautious with lower stakes and be a bit more risk averse.
For the S&P500 its consolidated overnight around the 6585 area and I would like to see any test of the daily pivot at 6570 hold today for a push up to test the 6600 and possibly 6610 R1 area. The 2h chart remains bullish as does the daily, and the bulls are in control still. Below the daily pivot and then the bears will be looking to take it down toward the key fib and 30m 200ema are 6530, if they can break below the 6547 S1. Above 6616 key fib then look for R2 at 6632 of the bulls continue to build on the recent strength.
Good luck today and have a great weekend.
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