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GBP/EUR Bearish Momentum: 0.87% Down In The Last 5 Sessions

ViaNews Editorial Team

September 12, 2023

GBP/EUR Bearish Momentum: 0.87% Down In The Last 5 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.87% for the last 5 sessions. At 17:07 EST on Tuesday, 12 September, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR's yearly highs and lows, it's 7.417% up from its 52-week low and 1.325% 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 technical analysis: bulls control the direction - 11 September 2023. According to DailyForex on Monday, 11 September, "In the near term and according to the performance on the hourly chart, it seems that the USD/JPY currency pair is trading within the formation of an ascending channel.", "Technical analysis of the dollar-yen pair:The price of the USD/JPY currency pair rose now to trade at a few levels above the 100-hour moving average."
  • Usd/jpy sticks to intraday losses below 147.00, bears await break below 200-hour SMA. According to FXStreet on Monday, 11 September, "The USD/JPY pair opened with a big 85 pips bearish gap on the first day of a new week and remains depressed below the 147.00 mark through the first half of the Asian session. ", "The Japanese Yen (JPY) strengthens in reaction to the Bank of Japan (BoJ) Governor Kazuo Ueda's hawkish remarks over the weekend, signalling possible interest rate hikes, which, in turn, weighs on the USD/JPY pair. "
  • Usd/jpy treads waters above 146.50 to snap the recent losses. According to FXStreet on Tuesday, 12 September, "The USD/JPY pair is likely to continue its upward trajectory as long as economic data continues to portray a positive outlook.", "The USD/JPY pair could be rebounded due to robust performance by the US Dollar (USD). "
  • According to DailyForex on Monday, 11 September, "The Japanese Yen has gained strongly today, withthe USD/JPY currency pairdown by more than 1,.15%, wiping out all last week's gains, and calling into question whether the current bullish trend in that currency pair has already seen a long-term high."

More news about GBP/EUR (GBPEUR).

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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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