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The FTSE 100 gapped higher at the open on Tuesday, reaching towards the 7375 level during American trading. I believe that the market will target the 7400 level, but a pullback to fill the gap might be possible. Part of this may be due to the selloff in the British pound during the day, as it makes exports out of the United Kingdom very cheap. Because of this, I believe that buying the dips should continue to work, and that the 7300 level should offer a bit of a floor. Currently, I think the 7425 level will be targeted over the next several sessions.

FTSE 100 Video 23.8.17

This article was originally posted on FX Empire

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