GBP/EUR Bearish Momentum: 1% Down In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1% for the last 5 sessions. At 20:10 EST on Monday, 17 July, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 7.556% up from its 52-week low and 2.994% 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 0.09%, a positive 0.01%, and a positive 0.25%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.29% (last month), and 0.25% (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 ticks down to mid-138.00s, holds above two-month low touched on Friday. According to FXStreet on Monday, 17 July, "Apart from this, a mildly softer tone around the US equity futures further benefits the safe-haven JPY and contributes to capping the upside for the USD/JPY pair. ", "The USD/JPY pair struggles to capitalize on Friday’s goodish rebound from the 137.25 area, or a nearly two-month low and kicks off the new week on a subdued note. "
  • Usd/jpy: 145 could now prove a solid cap – ING. According to FXStreet on Monday, 17 July, "A sustained move lower in USD/JPY will require some follow-up - i.e. either from the BoJ or US data."
  • Usd/jpy price analysis: vulnerable to retest 50% fibonacci retracement support near 137.40. According to FXStreet on Monday, 17 July, "That said, the failure to extend late Friday’s corrective bounce off the multi-day low beyond the previous support line stretched from late March, now immediate resistance around 139.35, recall the USD/JPY sellers.", "It’s worth noting that early May’s peak of around 137.80 can act as an immediate support for the USD/JPY bears to watch whereas a sustained downside break of 137.40 will make the pair vulnerable to declining towards the 61.8% Fibonacci retracement level, surrounding 135.50."

More news about GBP/EUR (GBPEUR).

Leave a Reply

Your email address will not be published. Required fields are marked *