(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.63% for the last 10 sessions. At 03:08 EST on Thursday, 20 July, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.474% up from its 52-week low and 3.97% 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 negative 0.20%, a negative 0.04%, and a positive 0.26%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.31% (last week), 0.29% (last month), and 0.26% (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 overbought (>=80).
News about
- Usd/jpy justifies risk-barometer status above 139.00, ignores softer yields, fed bias. According to FXStreet on Wednesday, 19 July, "Looking forward, the US housing numbers and risk catalysts may entertain the USD/JPY traders ahead of Friday’s key Japan inflation gauge.", "However, the US 10-year and two-year Treasury bond yields stay pressured at 3.76% and 4.74% by the press time and prod the USD/JPY bulls of late."
- Usd/jpy price analysis: not out of the woods yet, bearish flag spotted on hourly charts. According to FXStreet on Wednesday, 19 July, "Apart from this, a modest US Dollar (USD) uptick is seen as a key factor lending some support to the USD/JPY pair. ", "The USD/JPY pair might then accelerate the recovery momentum towards the 140.45-140.50 intermediate hurdle en route to the 141.00 round figure and the 141.25-141.300 supply zone."
- Eur/usd will rise to 1.18 and usd/jpy will fall to 123 by end-2024 – BNP paribas. According to FXStreet on Tuesday, 18 July, "Economists at BNP Paribas believe that the USD is in the early stages of a structural decline and expect EUR/USD to rise to 1.18 and USD/JPY to drop to 123 by end-2024.", "We forecast that EUR/USD will rise to 1.18 and USD/JPY will fall to 123 by the end of 2024."
- Usd/jpy clings to mild losses below 139.00, traces sluggish yields ahead of US retail sales. According to FXStreet on Tuesday, 18 July, "It’s worth noting that the market sentiment is also sluggish and hence restricts the immediate moves of the USD/JPY pair. ", "A failure to cross the previous support line stretched from late March, around 139.50 by the press time, directs USD/JPY bears toward a convergence of the 100 and 200 SMAs near 137.00."
- Usd/jpy slides back closer to 138.00 mark amid weaker usd, cautious market mood. According to FXStreet on Tuesday, 18 July, "This leads to a further decline in the US Treasury bond yields, which is seen weighing on the Greenback and dragging the USD/JPY pair lower.", "This, in turn, warrants some caution before positioning for an extension of the USD/JPY pair’s recent sharp retracement slide from the YTD peak – levels just above the 145.00 psychological mark – touched in June. "
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