FTSE for Friday: bulls and bears battle it out
After a miserable Thursday, will the UK blue-chip index end the week on a positive note or continue lower? Independent analyst Alistair Strang gives his view.
19th June 2026 07:36
by Alistair Strang from Trends and Targets
Though quite predictable, it appears the case that the FTSE 100 was far from impressed by the Bank of England's decision to keep interest rates on hold, setting things up for a Friday with reversals expected.
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Now below 10,375 looks capable of triggering reversal to an initial 10,335 with our secondary, if broken, at 10,256 and hopefully a rebound.
However, it’s worth pointing out the danger of a third level, should the UK index find an excuse to close below 10,256, as a further journey to 10,033 is expected and a very probable market bottom.
Then again, the market does not need to work hard to express some optimism, only needing above 10,435 to trigger gains in the direction of 10,509 points with our secondary, if bettered, at 10,642 points.
From the feel of things, we suspect reversals shall be on the cards.
Have a good weekend.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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