(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.94% for the last 5 sessions. At 22:07 EST on Tuesday, 15 August, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.685% up from its 52-week low and 2.315% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR’s Forex is considered to be oversold (<=20).
News about
- Usd/jpy technical analysis: testing its highest level in 9 months – 14 August 2023. According to DailyForex on Monday, 14 August, "In the long run, and according to the performance on the daily chart, it appears that the USD/JPY is trading within a bullish channel formation. ", "The price of the USD/JPY currency pair rose now, to trade several levels above the 100-hour moving average line. "
- Japan Q2 GDP improves to 1.5% qoq versus 0.8% expected and 0.7% prior, usd/jpy slides below 145.50. According to FXStreet on Tuesday, 15 August, "Following the data, USD/JPY refreshed intraday low to 145.37, around 145.45 by the press time, while extending the late Monday’s U-turn from the highest level since November 2022, as well as probing the five-day uptrend."
- Usd/jpy grinds at yearly top around 145.00 as boj intervention, sluggish yields test bulls. According to FXStreet on Monday, 14 August, "Looking ahead, inflation clues from Japan will join the US Retail Sales and Fed Minutes to direct the short-term USD/JPY moves. ", "The aforementioned risk-negative headlines previously joined the upbeat US Treasury bond yields and concerns about the Bank of Japan’s (BoJ) defense of the ultra-easy monetary policy to propel the USD/JPY price towards refreshing the YTD high with 145.25."
- Usd/jpy retreats towards 145.00 as upbeat Japan statistics join US dollar’s pullback ahead of retail sales. According to FXStreet on Tuesday, 15 August, "It’s worth noting that the latest comments from Japanese Finance Minister Shunichi Suzuki also teased likely another intervention from Tokyo and exerted downside pressure on USD/JPY price. ", "It should be observed that the market’s cautious optimism, as perceived from the mildly bid US and European stock futures, also poke the USD/JPY bulls."
- Usd/jpy closed above 145.00 ahead of Japanese GDP data. According to FXStreet on Monday, 14 August, "At the start of the week, the USD/JPY rose to its highest level since November 10, 2022, mainly driven by a cautious market mood and a stronger USD. ", "The daily chart analysis indicates a bullish outlook for the USD/JPY in the short term. "
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