The British stock index gained more than 1.5% on a weekly basis. Although the pace of growth was a bit slower compared to the United States stock indices, FTSE 100 printed several technical achievements.

The British stock index was vulnerable to profit-taking flows and technical retracement this past week. The benchmark failed to continue the recent rally, dropping -0.54% on a weekly basis.

The British pound failed to proceed with the impressive bullish rally started in October. The bulls could not overcome strong resistance at 1.3500 as the put-options were in demand around there.

Technical analysis of the currency market Forex for the coming week December 23 -27. Let\'s analyze the key underlying assets in terms of indicator and graphical analysis.

The main British stock index had several essential technical achievements this past week. The price action led to the bullish breakout of the 89-days simple moving average, which acted as the resistance curve.

One of the U.S. major stock indices delivered a perfect buy-signal this past week. The bearish retracement started on November 28 and accelerated on the first trading day of December.

The tech-heavy index overperformed the rest of the U.S. equities this past week, adding +1.89% or 139.9 points and closing the week at the highest value (8416.9 points) in history.

The main British stock index reversed the price action two times this past week. After a bullish test of the resistance range above 7400 points on Tuesday, the benchmark declined toward the bottom of the weekly range at 7200 points.

The Wall Street index measuring total cost of 30 blue-chip companies showed the strongest performance among major U.S. stock indices this past week.

British stock index made a bullish breakthrough this past week. Although gains were limited and the benchmark erased some of them on Friday, the overall technical sentiment remained in favour of the bulls.