(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.68% for the last 21 sessions. At 14:08 EST on Friday, 3 February, GBP/EUR (GBPEUR) is $1.12.
GBP/EUR’s yearly highs and lows, it’s 3.172% up from its 52-week low and 8.467% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (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).
- Usd/jpy plunges beneath 129.00 after fed’s decision, after powell’s presser. According to FXStreet on Wednesday, 1 February, "At the time of writing, the USD/JPY exchanges hands in a volatile session at around 128.50-129.20.", "The USD/JPY 15-minute chart shows the pair tumbled below 129.50 and broke support levels, like the S2 and the S3 daily pivot points, each at 129.32 and 128.90. "
- Usd/jpy portrays pre-fed anxiety, boj’s struggle to defend JGB yields around 130.00. According to FXStreet on Wednesday, 1 February, "A two-week-old symmetrical triangle restricts USD/JPY moves between 129.60 and 130.50.", "It should be noted that downbeat US Treasury bond yields joined and firmer equity earnings and softer US data to renew the US Dollar weakness and strengthened the USD/JPY pullback."
- Usd/jpy forex signal: bullish consolidation above ¥129.41 – 01 February 2023. According to DailyForex on Wednesday, 1 February, "If the FOMC statement is bullish on no more rate hikes and optimistic about the US economy, we will be likely to see the US Dollar drop, but it is likely to lose considerably more value against other "risky" currencies instead of the Japanese Yen, so pairs like EUR/USD and AUD/USD will probably be more interesting to trade in this scenario than the USD/JPY currency pair.", "In my previous forecast for the USD/JPY currency pair, I wrote that I saw the resistance level at ¥131.32 as likely to be a pivotal point. "
- Usd/jpy remains confined in a narrow range as traders keenly await FOMC decision. According to FXStreet on Wednesday, 1 February, "Against the backdrop of a sharp corrective fall from over a three-decade top, the said triangle could be categorized as a bearish pennant and validates the negative outlook for the USD/JPY pair. ", "The USD/JPY pair struggles to gain any meaningful traction and seesaws between tepid gains/minor losses through the early part of the European session on Wednesday. "
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