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EUR/GBP Bearish Momentum: 0.9% Down In The Last 5 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 0.9% for the last 5 sessions. At 15:09 EST on Monday, 13 March, EUR/GBP (EURGBP) is $0.88.

EUR/GBP’s yearly highs and lows, it’s 6.69% up from its 52-week low and 4.688% down from its 52-week high.

Volatility

EUR/GBP’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.11%, a negative 0.04%, and a positive 0.33%, respectively.

EUR/GBP’s highest amplitude of average volatility was 0.35% (last week), 0.28% (last month), and 0.33% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/GBP’s Forex is considered to be overbought (>=80).

News about

  • Usd/jpy price analysis: yen renews one-month low near 134.00 as bears approach 50-dma. According to FXStreet on Monday, 13 March, "In a case where the USD/JPY price remains bearish past the 50-DMA, the 130.00 round figure and the previous monthly low surrounding 128.00 will be in the spotlight.", "However, the early February swing highs near 132.90 seem to prod the USD/JPY sellers of late."
  • Usd/jpy plunges to 133.50 as bearish sentiment for USD prevails. According to FXStreet on Monday, 13 March, "The daily pivot support levels for USD/JPY are 133.65, 132.44, and 130.77, while the resistance levels are 136.53, 138.20, and 139.41.", "There is no critical economic event on the day that may affect the price of USD/JPY on Monday, the week’s first and relatively silent day."
  • Usd/jpy traces recovery in yields to bounce off one-month low towards 135.00, US inflation, boj minutes eyed. According to FXStreet on Monday, 13 March, "However, firmer prints of the US consumer-centric numbers could renew hawkish Fed bets ahead of the all-important MarchFederal Open Market Committee(FOMC) and may recall the USD/JPY bulls.", "Despite the risk-on mood, escalating hawkish bets on the BoJ’s next move, especially after Kuroda’s retirement, seem to exert downside pressure on the USD/JPY prices. "
  • According to FXStreet on Monday, 13 March, "We may need clear evidence that the crisis won’t be contagious, and that it won’t alter the path of ECB rates, before the Euro makes new cycle highs, but USD/JPY continues to track yield differentials and history tells us that USD/JPY hit 160 in April 1990, fell to 120 as rates fell to 3%, and kept on going, falling below 80 1995."

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