(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.59% for the last 21 sessions. At 16:08 EST on Tuesday, 30 May, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 6.936% up from its 52-week low and 3.553% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.07%, 0.14%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.21% (last week), 0.26% (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/EUR’s Forex is considered to be oversold (<=20).
News about
- Pairs in focus this week – aud/usd, usd/jpy, gbp/usd, eur/usd, nzd/usd, usd/cad, oil, gold – 28 May 2023. According to DailyForex on Sunday, 28 May, "The USD/JPY has exploded upward against the Japanese yen during trading this past week, and now we find the market well above the ¥140 level. "
- Usd/jpy price analysis: sees subtle retreat after hitting YTD high shy of 141.00. According to FXStreet on Monday, 29 May, "The USD/JPY is still upward biased, but the rally is fading as the pair shows signs of exhaustion. ", "That could trigger a short-term correction before USD/JPY bulls jump into action and lift the exchange rates past the 141.00 mark, on its way toward the November 22 daily high f 142.24, before reaching 143.00."
- Usd/jpy price analysis: retreats from six-month high below 141.00 as adjacent resistance line prods bulls. According to FXStreet on Monday, 29 May, "Following that, the monthly low o around 133.50 and the 130.00 psychological magnet could act as the last defense of the USD/JPY buyers.", "Alternatively, an upside break of the weekly resistance line, close to 141.05 at the latest, could propel the USD/JPY towards the aforementioned channel’s peak of near 142.00 However, the six-month high to around 142.25, comprising the late November 2022 peak, can act as the final battle to be won for the Yen pair buyers before retaking the control."
- Usd/jpy drops sharply to near 140.00 as USD index faces selling action ahead of US employment. According to FXStreet on Tuesday, 30 May, "Investors have trimmed longs in the USD/JPY pair as a raise approval for the US debt-ceiling has trimmed appeal for the USD index and deep discussions about tweaking Bank of Japan’s (BoJ) Yield Curve Control (YCC) are providing strength to the Japanese Yen."
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