(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.3% for the last 10 sessions. At 19:14 EST on Tuesday, 27 August, GBP/EUR (GBPEUR) is $1.18.
GBP/EUR’s yearly highs and lows, it’s 3.875% up from its 52-week low and 0.654% 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 0.15%, a negative 0.03%, and a positive 0.19%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.17% (last week), 0.27% (last month), and 0.19% (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
- According to FXStreet on Monday, 26 August, "On the downside, the USD/JPY pair may navigate the region around the seven-month low of 141.69, which was recorded on August 5. ", "In terms of resistance, the USD/JPY pair may test the immediate barrier at the downtrend line around the psychological level of 145.00, followed by the nine-day Exponential Moving Average (EMA) at the 145.74 level. "
- Usd/jpy extends decline on negative view of US interest rates in the long term. According to FXStreet on Monday, 26 August, "However, given the Japanese Yen (JPY) is now trending higher and most of its favored carry counterparts are weakening, the carry trade is not as profitable as it used to be, and this "unwind" in long held carry positions is further propelling USD/JPY lower."
- Usd/jpy: more downside – OCBC. According to FXStreet on Monday, 26 August, "Broader direction of travel for USD/JPY has changed as Fed-BoJ policies shifted from divergence to convergence and this should continue to underpin the downside for USD/JPY. "
- Usd/jpy price forecast: edges up amid rising US yields, yet remains bearish. According to FXStreet on Monday, 26 August, "The Japanese Yen (JPY) lost ground against the Greenback on Monday as the USD/JPY pair edged up 0.13% amid an uptick in US Treasury bond yields. ", "Conversely, if USD/JPY slumps below the 144.00 figure and the pair could tumble towards the latest cycle low seen at 141.69, before challenging 140.00."
- According to FXStreet on Tuesday, 27 August, "Additionally, the contrasting statements from the BoJ and the Federal Reserve (Fed) regarding their policy outlooks are putting downward pressure on the USD/JPY pair. ", "On the downside, if the USD/JPY pair stays below the downtrend line, it could hover around the seven-month low of 141.69, recorded on August 5. "
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