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GBP/EUR Bullish Momentum: 0.81% Up In The Last 5 Sessions

ViaNews Editorial Team

February 14, 2024

GBP/EUR Bullish Momentum: 0.81% Up In The Last 5 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.81% for the last 5 sessions. At 00:07 EST on Wednesday, 14 February, GBP/EUR (GBPEUR) is $1.18.

GBP/EUR's yearly highs and lows, it's 5.064% up from its 52-week low and 0.068% 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 0.07%, a positive 0.02%, and a positive 0.17%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.07% (last week), 0.17% (last month), and 0.17% (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 analysis: the path May break the 150.00 - 13 February 2024. According to DailyForex on Tuesday, 13 February, "According to the performance on the daily time frame chart above, the general trend of the USD/JPY currency pair is still bullish, and as I mentioned above, the current movement will support the move towards the psychological resistance level of 150.00, which will support the strength and control of the bulls over the trend, and at the same time it will move the technical indicators. "
  • Usd/jpy stabilizes as markets await US inflation data. According to FXStreet on Monday, 12 February, "Therefore, further USD/JPY upside is seen, and traders would look to test the 150.00 figure.", "The USD/JPY daily chart suggests the pair is consolidating after posting back-to-back doji's. "
  • Usd/jpy forecast: US dollar continues to look for 152 yen - 13 February 2024. According to DailyForex on Tuesday, 13 February, "At the end of the day, the USD/JPY pair continues to demonstrate strength, with the market striving to reach higher levels. ", "Given the Federal Reserve's stance on delaying interest rate cuts and the prevailing market conditions, the trajectory for the USD/JPY pair seems skewed towards further gains. "
  • Usd/jpy analysis: yen selling pressure renewed - 12 February 2024. According to DailyForex on Monday, 12 February, "The price of the USD/JPY pair has now advanced to trade at a few levels above the 100-hour moving average line. ", "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY pair is trading within an upward channel. "
  • Usd/jpy: Japanese yen to strengthen over the year – scotiabank. According to FXStreet on Monday, 12 February, "Yield differentials, and therefore the cost of carrying long JPY positions, remain onerous but a short, sharp move lower in USD/JPY is feasible as compressing spreads prompt bearish JPY positions to reduce cover."

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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