(VIANEWS) - GBP/EUR (GBPEUR) has been up by 2.08% for the last 21 sessions. At 09:07 EST on Saturday, 10 June, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR's yearly highs and lows, it's 8.185% up from its 52-week low and 2.427% down from its 52-week high.
Volatility
GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.03%, 0.07%, and 0.24%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.13% (last week), 0.20% (last month), and 0.24% (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 oversold (<=20).
News about
- Usd/jpy plunges amid US jobless claims rising, Japan’s surprising GDP surge. According to FXStreet on Thursday, 8 June, "The USD/JPY dropped after the release, following the direction of the US 10-year Treasury bond yield, which dropped six and a half basis points (bps) as traders began to price in the first Fed pause after the data. ", "For a bullish continuation, the USD/JPY must surpass the 140.00 mark and challenge the weekly high of 140.45."
- Usd/jpy price analysis: trades with modest losses below 140.00, bullish potential intact. According to FXStreet on Thursday, 8 June, "Apart from this, a modest US Dollar (USD) downtick exerts some downward pressure on the USD/JPY pair. ", "A convincing break below the 139.00 mark might prompt some technical selling and drag the USD/JPY pair to the monthly low, around the 138.45-138.40 zone. "
- Usd/jpy: there is more downside room than upside risk – socgen. According to FXStreet on Thursday, 8 June, "10yr yield differential and USD/JPY re-set itself with the first YCC change at the end of last year. ", "That increases the downside potential for USD/JPY (or EUR/JPY) if we do get a BoJ move."
- Usd/jpy technical analysis: testing psychological resistance - 08 June 2023. According to DailyForex on Thursday, 8 June, "The bulls succeeded in pushing the price of the USD/JPY currency pair towards and above the psychological resistance 140.00 again. ", "Forecasts of the US dollar against the Japanese yen:By testing the psychological resistance level 140.00, confirmation of the strength of the bullish trend for the USD/JPY currency pair will remain."
- Usd/jpy snaps two-day winning streak near 140.00 on mixed Japan data, upbeat yields. According to FXStreet on Thursday, 8 June, "A one-week-old bullish pennant, currently between 140.20 and 139.20, restricts immediate USD/JPY moves amid upbeat oscillators.", "It should be noted that recent challenges to the major economies, as perceived from the latest downbeat statistics from the top-tier economies, renew recession fears and weigh on the USD/JPY price. "
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