GBP/EUR Bullish Momentum: 0.91% Up In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.91% for the last 5 sessions. At 07:08 EST on Friday, 28 July, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR’s yearly highs and lows, it’s 8.12% up from its 52-week low and 2.486% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.17%, 0.03%, and 0.26%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.25% (last week), 0.28% (last month), and 0.26% (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 can push back to the recent high at 145 on no change in the boj's YCC policy – ING. According to FXStreet on Thursday, 27 July, "If the BoJ decides to leave the current policy settings unchanged, then USD/JPY looks as though it can push back to the recent high at 145.", "If the BoJ surprises the market with a YCC tweak as we forecast, or gives a hint of possible policy adjustment in the near future, then USD/JPY could break lower - perhaps even lower than the recent low of 137 as the market would be taken by surprise. "
  • Usd/jpy technical analysis: the control of the bulls is still remaining – 27 July 2023. According to DailyForex on Thursday, 27 July, "The selling operations that took place in the recent trading sessions did not remove the USD/JPY currency pair from the opportunity to rise so far. ", "The USD/JPY may remain in a narrow range until the reaction to the results of the US economic data today and then the announcement of the policy of the Japanese central bank tomorrow, Friday. "
  • Usd/jpy price analysis: bounces off 140.90 key support as US dollar, yields rebound on fed, boj concerns. According to FXStreet on Wednesday, 26 July, "Looking forward, the USD/JPY is likely to extend the latest run-up towards the 21-DMA hurdle of around 141.60 before challenging the previous weekly high of near the 142.00 threshold.", "If at all the USD/JPY remains bearish past 139.40, the monthly low of 137.24 will be in the spotlight."
  • Usd/jpy remains depressed near weekly low, below 141.00 mark as traders await FOMC. According to FXStreet on Wednesday, 26 July, "The US Dollar (USD) extends the overnight modest pullback from a two-week high touched on Tuesday and drifts lower for the second straight day, which, in turn, is seen as a key factor exerting some pressure on the USD/JPY pair. ", "This, along with the risk-on mood, should cap the safe-haven JPY and lend support to the USD/JPY pair."
  • Usd/jpy price analysis: USD trades soft ahead of fed decision. According to FXStreet on Wednesday, 26 July, "On Wednesday, the JPY gained ground agains most of its rivals, and the USD/JPY pair declined towards 140.40. ", "The USD/JPY technical outlook, according to the daily chart suggests a neutral to bullish outlook for the short term. "

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