EUR/GBP Bearish Momentum: 0.91% Down In The Last 10 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 0.91% for the last 10 sessions. At 04:06 EST on Friday, 12 July, EUR/GBP (EURGBP) is $0.84.

EUR/GBP’s yearly highs and lows, it’s 0.179% up from its 52-week low and 4.038% 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 negative 0.11%, a negative 0.02%, and a positive 0.16%, respectively.

EUR/GBP’s highest amplitude of average volatility was 0.14% (last week), 0.14% (last month), and 0.16% (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: A new line in the sand for intervention at 165 – ING. According to FXStreet on Wednesday, 10 July, "The BoJ can help the Yen, although our bearish USD/JPY profile primarily relies on Fed cuts.", "Periods of quiet volatility may continue to push USD/JPY higher, with a new line in the sand for intervention now close to 165, ING’s FX analyst Francesco Pesole notes."
  • Usd/jpy price analysis: trends upward for third-straight day, buyers eye 162.00. According to FXStreet on Wednesday, 10 July, "If those two levels are surpassed, the USD/JPY could be set for a drop to 160.00 and below.", "The USD/JPY stretched its advance to three consecutive days and registered gains of more than 0.30% due to Fed Chair Jerome Powell sticking to the script. "
  • Usd/jpy falls off a cliff after US inflation miss. According to FXStreet on Thursday, 11 July, "Despite the decline in USD/JPY on the back of the lower US inflation reading and its contrast to higher Japanese PPI inflation data for the same period, the downside for the USD/JPY pair may be limited as the prospects of the Bank of Japan (BoJ) lifting interest rates substantially remain low."
  • According to FXStreet on Friday, 12 July, "A return to within the ascending channel would likely improve sentiment for the USD/JPY pair, potentially targeting the upper boundary of the channel around the 113.20 level.", "This expectation bolstered the JPY, contributing to a decline in the USD/JPY pair."
  • According to FXStreet on Thursday, 11 July, "The USD/JPY pair may aim for psychological resistance near 163.00, located at the upper boundary of the ascending channel. "

More news about EUR/GBP (EURGBP).

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