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GBP/USD Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) – GBP/USD (GBPUSD) has been up by 1.23% for the last 10 sessions. At 16:06 EST on Sunday, 18 August, GBP/USD (GBPUSD) is $1.29.

GBP/USD’s yearly highs and lows, it’s 7.423% up from its 52-week low and 0.828% down from its 52-week high.

Volatility

GBP/USD’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.17%, a negative 0.04%, and a positive 0.25%, respectively.

GBP/USD’s highest amplitude of average volatility was 0.29% (last week), 0.29% (last month), and 0.25% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/USD’s Forex is considered to be oversold (<=20).

News about

  • Eur/usd trades with modest gains amid softer usd, remains below 1.1000 mark. According to FXStreet on Friday, 16 August, "A combination of factors prompts fresh selling around the US Dollar (USD), which, in turn, is seen lending some support to the EUR/USD pair. ", "The EUR/USD pair builds on the previous day’s late rebound from the 1.0950 area and gains some positive traction during the Asian session on Friday. "
  • Eur/usd price forecast: seems poised to surpass 1.1000 mark and retest YTD peak. According to FXStreet on Friday, 16 August, "Some follow-through selling below the 1.0880 mark might expose the 200-day Simple Moving Average (SMA), currently pegged near the 1.0835 region before the EUR/USD pair drops to the 1.0800 mark.", "The EUR/USD pair builds on the overnight bounce from the 1.0950 area and gains some follow-through traction on Friday, albeit seems to lack bullish conviction. "
  • A very significant change in the eur/usd forecast – commerzbank. According to FXStreet on Friday, 16 August, "Both together mean that we now have to assume that EUR/USD will rise significantly. "

More news about GBP/USD (GBPUSD).

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