GBP/EUR Bearish Momentum: 0.85% Down In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.85% for the last 5 sessions. At 23:10 EST on Thursday, 22 June, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 7.5% up from its 52-week low and 3.044% 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 0.07%, a positive 0.06%, and a positive 0.23%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.29% (last week), 0.25% (last month), and 0.23% (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).

News about

  • Usd/jpy bounces off 100-hour sma, trades with a mild positive bias above mid-141.00s. According to FXStreet on Wednesday, 21 June, "The Japanese Yen (JPY) continues to be undermined by a more dovish stance adopted by the Bank of Japan (BoJ), which, in turn, acts as a tailwind for the USD/JPY pair. ", "This, in turn, should help investors to determine the near-term trajectory for the USD/JPY pair. "
  • Usd/jpy remains on the defensive below 142.00 mark, downside seems limited. According to FXStreet on Thursday, 22 June, "This marks a big divergence in comparison to the Fed projections for a higher peak interest rate this year and suggests that the path of least resistance for the USD/JPY pair is to the upside. ", "The US Dollar (USD) consolidates the overnight slide back closer to the monthly low in the wake of Federal Reserve (Fed) Chair Jerome Powell’s less hawkish remarks and turns out to be a key factor acting as a headwind for the USD/JPY pair. "
  • Usd/jpy: 200-dma near 138/137.20 expected to provide support – socgen. According to FXStreet on Wednesday, 21 June, "Economists at Société Générale analyze USD/JPY technical outlook."
  • According to FXStreet on Wednesday, 21 June, "At the time of writing, USD/JPY is trading close to the intraday high of 141.86, up 0.22% on the day."
  • Usd/jpy price analysis: extends bounce off 141.40 support confluence within rising wedge. According to FXStreet on Wednesday, 21 June, "It’s worth observing that the bullish MACD signals and the firmer RSI (14) line, not overbought, add strength to the upside bias about the USD/JPY pair.", "On the flip side, a downside break of the 141.40 support confluence isn’t an open welcome for the USD/JPY bears as the 200-HMA and a fortnight-long rising trend line, close to 140.50 and 139.80 in that order, could check the sellers."

More news about GBP/EUR (GBPEUR).

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