(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.55% for the last 21 sessions. At 05:06 EST on Tuesday, 6 August, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 2.078% up from its 52-week low and 2.373% 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 overbought (>=80).
News about
- According to FXStreet on Monday, 5 August, "At press time, USD/JPY is off the seven-month lows of 144.76, trading near 145.35, still down 0.83% on the day."
- Usd/jpy: cautious of getting carried away – OCBC. According to FXStreet on Monday, 5 August, "And if we do expect USD/JPY to play catchup to its historical correlation with UST-JGB yield differentials, then there is room for USD/JPY to trade lower. ", "Back during May - Jul, USD/JPY had earlier traded much higher while UST yields and UST-JGB yield differentials went the other way lower."
- According to FXStreet on Monday, 5 August, "The increasing risk aversion favoured further JPY-buying on Monday, thus sending USD/JPY briefly below the 142.00 region. "
- According to FXStreet on Tuesday, 6 August, "On the upside, the USD/JPY pair might encounter resistance at the nine-day Exponential Moving Average (EMA) around 149.22. ", "The upside potential for the USD/JPY pair may be constrained as the US Dollar encounters headwinds from increasing expectations of a 50-basis point (bps) interest rate cut by the US Federal Reserve (Fed) in September. "
- According to FXStreet on Monday, 5 August, "It is hard to argue with USD/JPY extending this correction to the 140 area, ING’s FX strategist Chris Turner notes.", "It is hard to argue with USD/JPY extending this correction to the 140 area - which we had seen as the outside risk last week."
More news about GBP/EUR (GBPEUR).
