(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.63% for the last 21 sessions. At 15:08 EST on Tuesday, 10 September, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR's yearly highs and lows, it's 4.024% up from its 52-week low and 0.511% 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 overbought (>=80).
News about
- Usd/jpy rises to near 143.00 following lower-than-expected Japan GDP data. According to FXStreet on Monday, 9 September, "The USD/JPY pair's recovery can be partly attributed to lower-than-expected Gross Domestic Product (GDP) data from Japan. "
- Usd/jpy strengthens further beyond 143.00, hits fresh daily peak amid modest USD strength. According to FXStreet on Monday, 9 September, "This further contributes to the USD/JPY pair's intraday positive move, though the divergent BoJ-Fed policy expectations warrant some caution before positioning for further gains.", "The Japanese Yen (JPY) is pressured by a downward revision of the second quarter Gross Domestic Product (GDP) print, which, in turn, is seen as a key factor acting as a tailwind for the USD/JPY pair. "
- Usd/jpy steadily climbs back closer to mid-143.00s, upside potential seems limited. According to FXStreet on Tuesday, 10 September, "This might hold back bullish traders from placing aggressive bets around the USD/JPY pair and cap gains.", "The USD/JPY pair turns positive for the second straight day following an early Asian session dip to the 142.85 region, albeit it lacks bullish conviction. "
- Usd/jpy price forecast: sticks to modest gains near mid-143.00s, not out of the woods yet. According to FXStreet on Tuesday, 10 September, "That said, some follow-through buying could trigger a short-covering rally and lift the USD/JPY pair to the next relevant hurdle around the 144.55 region. ", "In the meantime, a downward revision of the second quarter Gross Domestic Product (GDP) print continues to undermine the Japanese Yen (JPY) and acts as a tailwind for the USD/JPY pair amid a modest US Dollar (USD) uptick. "
- Usd/jpy steadies above YTD low as US inflation takes centre stage. According to FXStreet on Tuesday, 10 September, "The USD/JPY pair steadies near 143.00 in Tuesday's European session, holding gains generated after rebounding from the Year-to-date (YTD) low of 141.70 on Monday. "
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