TRENDING:

GBP/USD

XAU/USD

GBP/USD: Minor support at 1.4115/05

Jason Sen DayTradeIdeas.co.uk

GBP/USD, EUR/GBP, GBP/NZD

GBPUSD topped exactly at important 6 month trend line resistance now at 1.4220/30. We wrote: Shorts at 1.4220/30 target 1.4170/60. If we continue lower look for 1.4130/20.

Perfect!! A potential 100 pips profit as we hit 1.4130/20. WE HAVE A MAJOR DOUBLE TOP SELL SIGNAL.

EUR/GBP

GBPNZD we wrote: holding above 1.9550/60 targets 1.9620/30 (hit this morning) & the May high at 1.9660/70. A break above 1.9690 targets 1.9715/25.

All targets hit.

Daily analysis

GBPUSD minor support at 1.4115/05. A break lower targets 100 month moving average support at 1.4080/60, perhaps as far as support at 1.4025/15.

Gains are likely to be limited with minor resistance at 1.4135/40 & 1.4160/70. Important 6 month trend line resistance now at 1.4220/30. A break higher targets strong 200 week moving average resistance at 1.4300/10.

EURGBP first support at 8600/8590 but below here re-targets 8565/60. A break lower to today targets 8530/20.

First resistance at 8640/50. A break higher re-targets 8665 & 8712/19. A break higher targets 8750/60, perhaps as far as 8785/90.

GBPNZD reaches the target of 1.9715/25 & if we continue higher today look for 1.9750/60 with strong resistance at 1.9800/20.

First support at 1.9635/30 then strong support at 1.9600/1.9580. Longs need stops below 1.9560.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull.

Gold climbs to near $4,350 on Fed rate cut bets, geopolitical risks

Gold price rises to near $4,345 during the early Asian session on Friday. Gold finished 2025 with a significant rally, achieving an annual gain of around 65%, its biggest annual gain since 1979. The rally of the precious metal is bolstered by the prospect of further US interest rate cuts in 2026 and safe-haven flows.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).