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GBP/EUR Bullish Momentum With A 1% Jump In The Last 10 Sessions

ViaNews Editorial Team

August 23, 2023

GBP/EUR Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.26% for the last 10 sessions. At 08:09 EST on Wednesday, 23 August, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR's yearly highs and lows, it's 8.027% up from its 52-week low and 1.766% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.15%, 0.08%, and 0.26%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.20% (last week), 0.24% (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 forecast: continues to show swap gains for those holding - 21 August 2023. According to DailyForex on Monday, 21 August, "Considering current circumstances, adopting a selling strategy for the USD/JPY pair appears less compelling. "
  • Usd/jpy consolidated its recent gain near the 146.30 area, all eyes are on Japanese cpi, Jackson hole. According to FXStreet on Tuesday, 22 August, "The USD/JPY pair currently trades near 146.37 during the Asian trading hours on Tuesday. "
  • USD has further upside scope but usd/jpy likely to lag – MUFG. According to FXStreet on Monday, 21 August, "With USD/JPY now in the danger zone we expect increased rhetoric from Tokyo that could mean USD/JPY lags."
  • Usd/jpy treads water around 145.40, focus on Jackson hole symposium. According to FXStreet on Monday, 21 August, "Such a step could impact the price movement of the USD/JPY pair, influencing its overall price action."

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.