GBP/EUR Bearish Momentum With A 2% Fall In The Last 21 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 2.01% for the last 21 sessions. At 22:06 EST on Friday, 17 November, GBP/EUR (GBPEUR) is $1.14.

GBP/EUR’s yearly highs and lows, it’s 2.532% up from its 52-week low and 2.999% down from its 52-week high.


GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.02%, a negative 0.04%, and a positive 0.19%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.22% (last week), 0.20% (last month), and 0.19% (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 steadily climbs to 150.75-80 area, fresh daily high after weaker Japanese GDP. According to FXStreet on Wednesday, 15 November, "Apart from this, the risk-on mood is seen as another factor weighing on the safe-haven JPY, which, along with a modest US Dollar (USD) uptick, acts as a tailwind for the USD/JPY pair.", "The USD/JPY pair regains positive traction during the Asian session on Wednesday and reverses a part of the previous day’s heavy losses to the 150.15 area, or a one-week low. "
  • Usd/jpy trades with modest intraday losses, manages to hold above 151.00 mark. According to FXStreet on Thursday, 16 November, "The US Dollar (USD) looks to build on the overnight recovery move from its lowest since September 1 amid the uncertainty over the Federal Reserve’s (Fed) next policy move, which, in turn, should act as a tailwind for the USD/JPY pair. ", "The USD/JPY pair struggles to capitalize on the previous day’s rally of around 140 pips from the 150.00 psychological mark, or over a one-week low and edges lower during the Asian session on Thursday. "
  • Usd/jpy rebounds above 151.00, on mixed US data, higher US bond yields. According to FXStreet on Thursday, 16 November, "On Wednesday, the USD/JPY trimmed some of Tuesday’s more than 0.89% losses and climbed back above the 151.00 figure, after dropping to a weekly low of 150.15. "
  • Usd/jpy technical analysis: uptrend still intact – 15 November 2023. According to DailyForex on Wednesday, 15 November, "Even if Japanese authorities decide to intervene, as long as the Bank of Japan phases out yield curve control (YCC) in piecemeal steps and occasionally intervenes in the bond market to keep long-term yields below 1%, the USD/JPY uptrend may be destined to continue. ", "According to the performance on the daily chart below, the overall trend for the USD/JPY pair is still up, even though the US inflation data was negative. "

More news about GBP/EUR (GBPEUR).

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