FTSE 100
BullishArchived analysis from Aug 28, 2026, 3:33 AM
Key insight
10,800 round-number support confirmed twice this week; break above 10,900 Aug swing high opens 11,000 psychological target. FTSE's export-heavy composition benefits from stable GBP and firm commodity prices.
Holds 10,822 near multi-year highs — heavyweight energy/mining exporters lifted by GBP/USD at 1.3594 and oil at $82.8, keeping index momentum intact above the 10,750 200-day MA.
Main risk
GBP/USD Reversal Risk
GBP/USD at 1.3594 — a sharp sterling surge above 1.38 crushes FTSE exporters and compresses index earnings mechanically.
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