(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.99% for the last 21 sessions. At 21:08 EST on Thursday, 1 June, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.63% up from its 52-week low and 2.928% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.27%, 0.13%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.24% (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
- Usd/jpy jumps to 140.00 neighbourhood amid broad-based USD strength, ahead of US data. According to FXStreet on Thursday, 1 June, "That said, diminishing odds for another rate hike by the Federal Reserve (Fed) might hold back the USD bulls from placing fresh bets and cap the USD/JPY pair. ", "The USD/JPY pair stages a solid bounce from sub-139.00 levels, or a one-week low touched this Thursday and builds on the momentum through the early part of the European session. "
- Usd/jpy to quickly target 145.00 if US data further validate fed hawkishness – credit suisse. According to FXStreet on Thursday, 1 June, "If US data further validate Fed hawkishness this week we can see USD/JPY quickly target 145.00, at which point the risks of actual intervention ahead of the next BoJ meeting would multiply.", "While this led to a reversal in USD/JPY back below 140.00, it is doubtful that verbal intervention of this kind alone is likely to turn the pair’s upward trajectory."
- Usd/jpy price analysis: yen recovery stalls above 139.00, bull flag in the spotlight. According to FXStreet on Thursday, 1 June, "In a case where the USD/JPY pair manages to cross the 139.50 hurdle, the stated flag’s top-line surrounding 139.80 will be eyed closely as a break of which will confirm the bullish chart formation suggesting a theoretical target of around 146.50.", "However, the 140.00 round figure and the yearly high marked on Monday near 140.45 can challenge the USD/JPY buyers before giving them control."
- Usd/jpy struggles above 139.50 amid cautious markets, downbeat yields and boj governor ueda’s inflation woes. According to FXStreet on Wednesday, 31 May, "Elsewhere, mixed US data joins fears of economic slowdown, backed by Richmond Fed Thomas Barkin’s comments, to underpin the markets’ cautious mood and weigh on the USD/JPY prices. ", "A daily closing below the three-week-old previous support line, now immediate resistance near 140.80, directs USD/JPY bears toward the 10-DMA support of 139.40."
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