(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.24% for the last 10 sessions. At 17:17 EST on Sunday, 7 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 5.993% up from its 52-week low and 4.404% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.42%, 0.07%, and 0.28%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.42% (last week), 0.24% (last month), and 0.28% (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 prints four-day downtrend below 134.00 as US dollar slides ahead of NFP. According to FXStreet on Friday, 5 May, "Even if a clear downside break of a six-week-old support line, now immediate resistance near 134.70, favors USD/JPY bears, the 50-DMA prods intraday sellers around 133.85.", "Apart from the Fed’s dovish hike and mixed US data, US banking sector woes join looming default fears to challenge the market sentiment and weigh on the USD/JPY price."
- Usd/jpy forecast: continues to see a lot of buyers on the dips – 05 May 2023. According to DailyForex on Friday, 5 May, "Traders need to be aware of the potential opportunities and challenges that the USD/JPY pair presents. "
- Usd/jpy spikes to 135.00 mark on upbeat NFP report, lacks follow-through buying. According to FXStreet on Friday, 5 May, "Nevertheless, the USD/JPY pair, for now, seems to have snapped a three-day losing streak and stalled this week’s sharp retracement slide from the 137.75-137.80 region, or a two-month high. ", "Apart from this, a positive turnaround in the global risk sentiment – as depicted by a goodish recovery in the equity markets – undermines the safe-haven Japanese Yen (JPY) and further contributes to the bid tone surrounding the USD/JPY pair. "
- Usd/jpy price analysis: struggles for direction, though a bullish-engulfing pattern loom. According to FXStreet on Friday, 5 May, "If USD/JPY achieves a daily close above the latter, the major will form a bullish-engulfing candlestick pattern, keeping buyers hopeful of higher prices.", "From a daily chart perspective, the USD/JPY remains neutrally biased, though testing the 50-day Exponential Moving Average at 133.85, as the pair battles on closing above the May 4 daily high of 134.85. "
More news about GBP/EUR (GBPEUR).
