GBP/EUR Bearish Momentum: 0.81% Down In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.81% for the last 5 sessions. At 18:06 EST on Sunday, 21 April, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 2.982% up from its 52-week low and 1.427% down from its 52-week high.

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¬†drops below¬†154.20 amid middle east war fears. According to FXStreet on Friday, 19 April, "The USD/JPY pair attracts some sellers around 154.15on Friday during the early Asian trading hours. ", "The escalating geopolitical tension in the Middle East and Asia might boost safe-haven assets like the JPY and create a headwind for the USD/JPY pair. "
  • Usd/jpy holds ground as iran plans no immediate retaliation against the Israeli airstrikes. According to FXStreet on Friday, 19 April, "Meanwhile, on the US side, Federal Reserve (Fed) officials conveyed hawkish messages on Thursday, resulting in a surge in US Treasury yields and the US Dollar (USD), which consequently limited the losses of the USD/JPY pair."
  • Usd/jpy goes on a roller-coaster ride prompted by geopolitical risk. According to FXStreet on Friday, 19 April, "Although the US Dollar benefited from the flight to safety, JPY gained more from the shift in sentiment, pushing down USD/JPY which expresses the number of Japanese Yen purchasable with one US Dollar."
  • Usd/jpy price analysis: consolidates around 154.60 on Japanese intervention fears. According to FXStreet on Friday, 19 April, "Further weakness in the USD/JPY would drive prices past the Senkou Span A at 152.29, followed by the Kijun Sen at 151.41. ", "Japanese authorities jawboning about desirable, orderly moves in the Forex markets keep buyers nervous about pushing the USD/JPY past 155.00. "

More news about GBP/EUR (GBPEUR).

Leave a Reply

Your email address will not be published. Required fields are marked *