GBP/EUR Bullish Momentum: 0.97% Up In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.97% for the last 5 sessions. At 17:08 EST on Tuesday, 14 March, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR’s yearly highs and lows, it’s 4.689% up from its 52-week low and 6.585% 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 oversold (<=20).

News about

  • According to FXStreet on Monday, 13 March, "We may need clear evidence that the crisis won’t be contagious, and that it won’t alter the path of ECB rates, before the Euro makes new cycle highs, but USD/JPY continues to track yield differentials and history tells us that USD/JPY hit 160 in April 1990, fell to 120 as rates fell to 3%, and kept on going, falling below 80 1995."
  • Usd/jpy traces recovery in yields to bounce off one-month low towards 135.00, US inflation, boj minutes eyed. According to FXStreet on Monday, 13 March, "Despite the risk-on mood, escalating hawkish bets on the BoJ’s next move, especially after Kuroda’s retirement, seem to exert downside pressure on the USD/JPY prices. ", "However, firmer prints of the US consumer-centric numbers could renew hawkish Fed bets ahead of the all-important MarchFederal Open Market Committee(FOMC) and may recall the USD/JPY bulls."
  • Usd/jpy plunges to 133.50 as bearish sentiment for USD prevails. According to FXStreet on Monday, 13 March, "Technical indicators for USD/JPY pair show a bearish bias in the short-term outlook. ", "The daily pivot support levels for USD/JPY are 133.65, 132.44, and 130.77, while the resistance levels are 136.53, 138.20, and 139.41."
  • Usd/jpy tracks corrective bounce in yields to aim for 134.00 ahead of US inflation data. According to FXStreet on Tuesday, 14 March, "Although the 50-DMA restricts immediate downside of the USD/JPY pair around 132.50, the recovery moves remain elusive unless staying below the previous support line from early February, around 136.20 by the press time.", "Alternatively, receding hawkish Fed bets and downbeat US inflation expectations join the market’s jittery status amid the US-China tensions and SVB talks seem to challenge the USD/JPY buyers."

More news about GBP/EUR (GBPEUR).

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