FTSE 100
NeutralArchived analysis from Sep 24, 2026, 3:33 AM
Key insight
10,700 round-number resistance rejected for the third session — break and close above opens 10,850 (2026 swing high); failure risks a flush to 10,550 (50-day MA).
Stalling at 10,688 after failing to hold 10,700 — FTSE trades in a tight range as European peers sell off, capped by GBP/USD at 1.3239 compressing dollar-earner margins.
Main risk
GBP strength vs USD earnings drag
GBP/USD at 1.3239 squeezes FTSE's large-cap dollar earners; every 1% GBP rally cuts ~4% off overseas revenue for top-20 constituents.
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