GBP/EUR Bearish Momentum: 0.95% Down In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.95% for the last 10 sessions. At 00:07 EST on Thursday, 9 March, GBP/EUR (GBPEUR) is $1.12.

GBP/EUR’s yearly highs and lows, it’s 3.856% up from its 52-week low and 7.328% 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 0.11%, a positive 0.04%, and a positive 0.32%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.29% (last month), and 0.32% (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 price analysis: 200-dma prods bulls at three-month high amid overbought RSI. According to FXStreet on Wednesday, 8 March, "Even if the USD/JPY bulls manage to cross the stated key moving average, an upward-sloping resistance line from early February, near 138.35 by the press time, could challenge the pair’s further advances.", "Meanwhile, the 38.2% Fibonacci retracement level and the 100-DMA, respectively near 136.70 and 136.25, restrict short-term USD/JPY downside."
  • Usd/jpy could hang around 135/137 through March, turning back lower in h2 – ING. According to FXStreet on Tuesday, 7 March, "That should be bearish for USD/JPY - but more a story for later in the second quarter and through the second half of the year."
  • Usd/jpy technical analysis: look at the testimony of Jerome Powell – 07 March 2023. According to DailyForex on Tuesday, 7 March, "There is no change in my technical view of the performance of the USD/JPY currency pair, as the general trend is still bullish, and its gains towards the resistance levels 136.85 and 138.00 confirm the strength of the performance. "
  • Usd/jpy struggles for firm direction, stuck in a range around 136.00 ahead of fed's powell. According to FXStreet on Tuesday, 7 March, "The prospects for further policy tightening by the Fed continue to act as a tailwind for the US Dollar (USD) and lend support to the USD/JPY pair. ", "Investors will look for fresh clues about the Fed’s future rate-hike path, which will influence the USD price dynamics and determine the next leg of a directional move for the USD/JPY pair."

More news about GBP/EUR (GBPEUR).

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