GBP/EUR Bearish Momentum: 0.98% Down In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.98% for the last 10 sessions. At 20:08 EST on Wednesday, 27 September, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR’s yearly highs and lows, it’s 4.65% up from its 52-week low and 1.92% 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 0.26%, a negative 0.08%, and a positive 0.26%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.24% (last month), and 0.26% (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 signal: upward surge driven by interest rate differentials – 26 September 2023. According to DailyForex on Tuesday, 26 September, "The USD/JPY is going to be at least 150 at this point, and as long as we stay above the 148 level, this remains a bullish setup. "
  • According to FXStreet on Tuesday, 26 September, "Whilst higher US yields may push USD/JPY close to 150, they also increase the risk of an equity setback. ", "That is why we think an instrument like the one-month USD/JPY downside risk reversal may be too conservatively priced."
  • Usd/jpy: high chance of intervention but only after a break above the 150 level – MUFG. According to FXStreet on Wednesday, 27 September, "We see the risks still skewed to the upside for both USD/JPY and USD/CNY given the US Dollar momentum but opposition to currency weakness in Tokyo and Beijing remains firm."
  • According to FXStreet on Tuesday, 26 September, "The decline in EUR/USD and USD/JPY volatility after the passing of Fed and BoJ rate decisions last week suggest the current FX theme of Dollar strength may have further to run into Q4 and may provoke further jawboning by Japanese currency officials and the MoF."
  • Usd/jpy seen returning to 145 by year-end – ANZ. According to FXStreet on Wednesday, 27 September, "We see the USD/JPY returning to 145 by year-end and 132 by September 2024, as the US tightening cycle is likely to be over by then."

More news about GBP/EUR (GBPEUR).

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