Lloyds Share Price Weakness Looms as Technical Analysts Warn of Further Selling Pressure

Lloyds Banking Group shares have been one of the standout performers in the FTSE 100, gaining around 30% over the past year. This outperformance has come despite gloom surrounding the UK economy and political uncertainty.

The Lloyds share price has defied expectations and made it a consideration for both growth and income investors. However, technical analysts are now warning of signs of weakness in the chart.

Lloyds shares have slipped below recent lows, and with two major catalysts on consecutive days in late October, investors should be cautious before entering the market. The break below 107-108p could signal further selling pressure.