GBP/EUR Bearish Momentum With A 1% Fall In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.15% for the last 10 sessions. At 15:09 EST on Sunday, 4 August, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR’s yearly highs and lows, it’s 2.814% up from its 52-week low and 1.668% 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 slumps to multi-month lows near 147.00 after weak US jobs data. According to FXStreet on Friday, 2 August, "At the time of press, USD/JPY was trading at 147.80, where it was down 1% on a daily basis.", "The broad-based selling pressure surrounding the US Dollar (USD) on dismal labor market data caused USD/JPY to push lower in the early American session. "
  • Usd/jpy trades around 149.50 after rebounding from four-month lows. According to FXStreet on Friday, 2 August, "This upside of the USD/JPY pair could be attributed to the improved US Dollar (USD), which could be attributed to the increased risk-off mood following the recent manufacturing and employment data raising concerns about the US economy."
  • According to FXStreet on Friday, 2 August, "The Japanese Yen is catching a fresh bid on the above headlines, as USD/JPY fades its recovery momentum toward 150.00. "
  • According to FXStreet on Friday, 2 August, "Dependent on the outcome of next week’s key Japanese economic data, we will be re-evaluating our USD/JPY forecasts."
  • According to FXStreet on Friday, 2 August, "At press time, USD/JPY is off the highs but traders near 149.50, up 0.13% on the day. "

More news about GBP/EUR (GBPEUR).

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