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KQMarkets

FTSE 100 - Still long aiming for all time highs

Long
Indice FTSE 100 des compagnies britanniques cotées (FOREXCOM:UK100)  
KQMarkets  
FOREXCOM:UK100   Indice FTSE 100 des compagnies britanniques cotées
Support and Resistance Fibonacci Beyond Technical Analysis ftse100 LONG
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supportandresistance fibonacci beyondta ftse100 long
On our analysis on the 24.07 we indicated that we were long the FTSE100 due to pressure GBP/USD due to the uncertainty surrounding Brexit which would be positive for the FTSE100 as a large proportion of profits for FTSE 100 companies are made in dollars. Since then the FTSE 100 has risen by nearly 3% and with the expected US rate cut on Wednesday we anticipate the index to reach all time highs at around the 7796 Fibonacci level.
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