Key Highlights
- GBP/USD started a fresh increase above 1.3480 and 1.3500.
- A key bullish trend line is forming with support at 1.3450 on the 4-hour chart.
- USD/JPY is consolidating above the 156.00 pivot level.
- XRP price surged over 20% and climbed above $2.30.
GBP/USD Technical Analysis
The British Pound remained supported for more gains against the US Dollar. GBP/USD climbed above 1.3450 to start another increase.
Looking at the 4-hour chart, the pair settled above 1.3450, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The pair even spiked above 1.3550 before the bears appeared.
A high was formed at 1.3567, and the pair is now correcting some gains. On the downside, immediate support is near the 1.3490 level. The first major area for the bulls might be near 1.3450 and a bullish trend line.
The 100 simple moving average (red, 4-hour) is also near 1.3450. A close below 1.3450 might spark heavy bearish moves. The next support could be 1.3420, below which the bears might aim for a move toward 1.3350.
Immediate resistance sits near 1.3550. The first key hurdle is seen near 1.3565. A close above 1.3565 could open the doors for a move toward 1.3620. Any more gains could set the pace for a steady increase toward 1.3650.
Looking at XPR, the bulls took control and pushed the price above many key hurdles such as $2.20, $2.30, and $2.35.
Upcoming Key Economic Events:
- US ISM Services PMI for Dec 2025 – Forecast 52.3, versus 52.6 previous.
- US ADP Employment Change for Dec 2025 – Forecast 45K, versus -32K previous.
