Categories: Technical analysis

FTSE 100 Wave Analysis – 23 July 2025

FTSE 100: ⬆️ Buy

– FTSE 100 broke resistance level 9030.00

– Likely to rise to resistance level 9200.00

FTSE 100 Index recently broke above the resistance level 9030.00, which stopped the previous minor impulse wave 1 at the start of July.

The breakout of the resistance level 9030.00 continues the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of July.

Given the clear daily uptrend, FTSE 100 Index can be expected to rise to the next resistance level 9200.00 (target price for the completion of the active impulse wave 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: FTSE 100

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