FTSE 100
NeutralArchived analysis from Sep 22, 2026, 3:31 AM
Key insight
10,800 round-number resistance capping the rally; a daily close above it opens 11,000. Below 10,600 the 50-day MA flips to resistance and invalidates the bullish structure entirely.
Holds 10,754 — up just 0.18% as oil at $93.1 lifts energy names, but GBP/USD at 1.3375 compresses FTSE's USD-earner revenues, capping upside near 10,800 resistance.
Main risk
GBP/USD strength at 1.3375
GBP at 1.3375 cuts earnings for FTSE's large USD-earner cohort; every 1% GBP rise trims index EPS ~2%.
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