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FTSE 100 bounces back – FTSE 100 Market Outlook – 08/09/2020

SquaredFinancial

The FTSE 100 bounces back, ending yesterday’s session in the green as Brexit woes pushed the pound lower with Prime Minister Boris Johnson saying that he is prepared to walk away of EU talks with a no deal. Further upside is faced with 5985 resistance level, the 200 period SMA on the hourly chart and the 6000 level mark with 6050 as the next resistance target.

Support: 5885 / 5800
Resistance: 5985 / 6050

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-100-bounces-back-ftse-100-market-outlook-08-09-2020
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