(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.91% for the last 10 sessions. At 13:08 EST on Monday, 18 September, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 7.186% up from its 52-week low and 1.538% 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 consolidates in a narrow range above 147.50, investors await boj, fed rate decision. According to FXStreet on Monday, 18 September, "The USD/JPY pair consolidates in a narrow range after retracing from the 147.95 area during the early European session on Monday. ", "However, a dovish stance from official might trigger a decline in the US Dollar (USD) and acts as a headwind for the USD/JPY pair. "
  • Usd/jpy moving closer to 150 will put more pressure on the government to intervene to support the yen – MUFG. According to FXStreet on Monday, 18 September, "If BoJ Governor Ueda steps back from providing a strong signal over the possibility of rate hikes by the turn of the year, it will increase the burden on the Japanese government to support the Yen through intervention like late last year if the USD/JPY jumps back above the 150.00 level and moves to retest last year’s high at 151.95."
  • Usd/jpy technical analysis: waiting for central bank – 18 September 2023. According to DailyForex on Monday, 18 September, "Technical analysis of the dollar-yen pair:The USD/JPY pair is rising now to trade at a few levels above the 100-hour moving average.", "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."
  • What is keeping usd/jpy bid? – ING. According to FXStreet on Monday, 18 September, "Economists at ING analyze USD/JPY outlook ahead of Bank of Japan’s meeting this Friday.", "This - plus Brent trading close to $95/bbl - is keeping the likes of USD/JPY bid and few expect any substantial move in Bank of Japan policy this Friday."

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