FTSE 100

Neutral

Archived analysis from Sep 25, 2026, 1:23 PM

Key insight

10,720 swing-high resistance is the line — a daily close above it opens 10,850 (all-time high zone); a rejection keeps the range intact and risks a pullback to 50-day MA near 10,540.

10,711 holds but index stalls near 2024 swing high at 10,720 — upside capped by sterling strength (GBP/USD 1.3260) and oil's 2.5% drop hitting energy heavyweights.

Main risk

GBP/USD Strength vs. FTSE Earnings

GBP/USD at 1.3260 compresses dollar-denominated overseas earnings for FTSE 100 multinationals — every 1% sterling rise costs index ~0.5% EPS.

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