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

ViaNews Editorial Team

February 21, 2023

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

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.12% for the last 10 sessions. At 05:06 EST on Tuesday, 21 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.809% up from its 52-week low and 7.015% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was a positive 0.17%, a negative 0.01%, and a positive 0.32%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.17% (last week), 0.36% (last month), and 0.32% (last quarter), respectively.

News about

  • Usd/jpy consolidates in a narrow range, manages to hold above 134.00 mark. According to FXStreet on Monday, 20 February, "The downside for the USD/JPY pair, however, remains cushioned amid the underlying bullish sentiment surrounding the US Dollar, bolstered by the prospects for further policy tightening by the Fed. ", "The USD/JPY pair struggles to gain any traction on Monday and seesaws between tepid gains/minor losses through the early European session. "
  • Usd/jpy prints mild gains above 134.00 as sour sentiment, fed concerns joins firmer yields. According to FXStreet on Monday, 20 February, "Looking forward, Japan's National Core Inflation numbers will join the second reading of the US fourth quarter (Q4) Gross Domestic Product to direct immediate USD/JPY moves. ", "USD/JPY pair's successful trading above the 200-day Exponential Moving Average (EMA), around 133.80 by the press time, keeps USD/JPY buyers to aim for December 2022 peak surrounding 138.20."
  • Usd/jpy price analysis: remains confined in a range around 134.00, bullish potential intact. According to FXStreet on Monday, 20 February, "Some follow-through buying beyond the monthly peak, around the 135.10 zone touched on Friday, should allow the USD/JPY pair to climb further towards the 135.55-135.60 horizontal zone and eventually aim to reclaim the 136.00 round-figure mark.", "The cautious market mood, amid looming recession risks and geopolitical tensions, underpins the safe-haven Japanese Yen (JPY) and acts as a headwind for the USD/JPY pair."
  • Usd/jpy price analysis: mildly bid above 133.80 support confluence. According to FXStreet on Tuesday, 21 February, "It's worth noting, however, that the bullish MACD signals and higher low bullish formation on the daily chart keep the USD/JPY pair buyers hopeful.", "Though, multiple levels near 31.30-20 and the 130.00 round figure could challenge the USD/JPY pair's downside past 132.90."
  • Hints of a change to boj's ultra-dovish monetary policy could see usd/jpy sell off again – ING. According to FXStreet on Monday, 20 February, "Hints of change to the BoJ's ultra-dovish monetary policy could pummel the USD/JPY pair, economists at ING r eport.", "Any hints of a change to the BoJ's ultra-dovish monetary policy could see USD/JPY sell off again - dragging the broader Dollar with it."

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.

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