FTSE 100

Neutral

Archived analysis from Aug 7, 2026, 5:24 AM

Key insight

11,000 acts as major psychological resistance; Friday pullback from 10,920 high tests 10,850 50-day MA support

Stalls at 10,860 after 3-day rally to 10,920 — 11,000 ceiling intact, Friday giveback on thin volume

Main risk

AstraZeneca M&A / Pharma drag

AZN -6% on BMS merger talk weighs on index; largest cap stocks amplify downside risk

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