(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.32% for the last 5 sessions. At 11:07 EST on Wednesday, 16 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR's yearly highs and lows, it's 8.092% up from its 52-week low and 1.946% 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
- Usd/jpy hits fresh YTD top around 145.20, lacks follow-through amid intervention fears. According to FXStreet on Monday, 14 August, "The USD/JPY pair kicks off the new week on a positive note and touches a fresh YTD peak during the Asian session. ", "This marks a big divergence in comparison to a more dovish stance adopted by the Bank of Japan (BoJ), which is the only central bank in the world to maintain a negative benchmark interest rate, and suggests that the path of least resistance for the USD/JPY pair remains to the upside."
- Japan Q2 GDP improves to 1.5% qoq versus 0.8% expected and 0.7% prior, usd/jpy slides below 145.50. According to FXStreet on Tuesday, 15 August, "Following the data, USD/JPY refreshed intraday low to 145.37, around 145.45 by the press time, while extending the late Monday's U-turn from the highest level since November 2022, as well as probing the five-day uptrend."
- Usd/jpy grinds at yearly top around 145.00 as boj intervention, sluggish yields test bulls. According to FXStreet on Monday, 14 August, "A 100-pip area within a three-week-old rising triangle formation, currently between 145.40 and 144.40, prods the USD/JPY buyers amid overbought RSI (14) conditions.", "Looking ahead, inflation clues from Japan will join the US Retail Sales and Fed Minutes to direct the short-term USD/JPY moves. "
- Usd/jpy closed above 145.00 ahead of Japanese GDP data. According to FXStreet on Monday, 14 August, "At the start of the week, the USD/JPY rose to its highest level since November 10, 2022, mainly driven by a cautious market mood and a stronger USD. ", "The daily chart analysis indicates a bullish outlook for the USD/JPY in the short term. "
- Usd/jpy holds below the 145.00 area as boj offers unlimited jgbs at fixed-rate. According to FXStreet on Monday, 14 August, "In the absence of the top-tier economic data release from Japan this week, market players will focus on US Retail Sales, FOMC Minutes and the comment from the Fed official to take cues and find a clear direction in the USD/JPY pair. ", "Following the data, USD/JPY reaches a new intraday low near 144.65 and posts its first loss in six days after reaching a new yearly high earlier in the day."
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