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GBP/EUR Bearish Momentum: 0.83% Down In The Last 5 Sessions

ViaNews Editorial Team

October 8, 2024

GBP/EUR Bearish Momentum: 0.83% Down In The Last 5 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.83% for the last 5 sessions. At 03:07 EST on Tuesday, 8 October, GBP/EUR (GBPEUR) is $1.19.

GBP/EUR's yearly highs and lows, it's 4.313% up from its 52-week low and 1.105% 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 0.03%, a positive 0.05%, and a positive 0.22%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.37% (last week), 0.26% (last month), and 0.22% (last quarter), respectively.

News about

  • Usd/jpy bounces off daily low, finds support near 148.00 amid bullish USD. According to FXStreet on Monday, 7 October, "Apart from this, a turnaround in the global risk sentiment, along with escalating geopolitical tensions in the Middle East, drives some haven flows towards the JPY and exerts some downward pressure on the USD/JPY pair. ", "The USD/JPY pair retreats after touching its highest level since August 16, around the 149.10-149.15 area and extends the steady intraday descent through the first half of the European session on Monday. "
  • Usd/jpy price forecast: snaps three-day rally, tumbles below 148.50. According to FXStreet on Monday, 7 October, "The USD/JPY failed to extend its uptrendafter piercing inside the Ichimoku Cloud (Kumo), which opened the door for further upside. ", "Given the backdrop, the USD/JPY first resistance will be the 149.14 daily high of October 7. "
  • Usd/jpy slides below mid-148.00s, downside potential seems limited. According to FXStreet on Monday, 7 October, "The USD/JPY pair struggles to capitalize on a modest Asian session uptick or find acceptance above the 149.00 mark and retreats a few pips from its highest level since August 16 touched this Monday. ", "Apart from this, geopolitical developments should provide short-term impetus to the USD/JPY pair."
  • According to FXStreet on Monday, 7 October, "Instead of trading around 142 at the start of the week, USD/JPY broke through 148 on Friday on the back of strong US employment data. "
  • According to FXStreet on Tuesday, 8 October, "On the flip side, a sustained move back above the 148.00 mark might prompt some technical buying and lift the USD/JPY pair to the 148.70 resistance zone en route to the 149.00 round figure. ", "This, in turn, might continue to offer some support to the USD/JPY pair and limit any further slide."

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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