GBP/EUR Bullish Momentum: 0.91% Up In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.91% for the last 5 sessions. At 03:07 EST on Friday, 5 January, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 4.247% up from its 52-week low and 1.376% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.21%, a negative 0.02%, and a positive 0.17%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.21% (last week), 0.14% (last month), and 0.17% (last quarter), respectively.

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

  • According to FXStreet on Thursday, 4 January, "The USD/JPY pair is trading at 143.43, gaining 0.14% on the day at the time of writing."
  • According to FXStreet on Thursday, 4 January, "Hence, it will be prudent to wait for some follow-through buying before confirming that the USD/JPY pair has formed a near-term bottom and positioning for any further appreciating move.", "Furthermore, doubts over early interest rate cuts by the Federal Reserve (Fed) lend support to the US Treasury bond yields, which, in turn, is seen acting as a tailwind for the Greenback and the USD/JPY pair."
  • According to FXStreet on Wednesday, 3 January, "Another negative session for the Japanese yen saw USD/JPY climb to the 143.70 region on the back of the continuation of the upside momentum of US yields and a directionless patter in JGB 10-year yields."
  • Usd/jpy rallies on the back of strong US labor market figures. According to FXStreet on Thursday, 4 January, "In Thursday’s trading session, the USD/JPY pair has seen a rally, rising to multi-week highs of 147.70with a robust 1% uptick. "
  • Usd/jpy hesitates just shy of 143.75. According to FXStreet on Wednesday, 3 January, "The USD/JPY drove higher on Wednesday as the US Dollar (USD), the day’s single best-performing currency clambered over the Yen (JPY), the day’s biggest loser. ", "The USD/JPY climbed one and a third percent bottom-to-top for the midweek market session, slipping back from just below 143.75 to wrap up Wednesday’s trading just above the 143.00 handle."

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