GBP/EUR Bullish Momentum With A 2% Rise In The Last 21 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 2% for the last 21 sessions. At 09:10 EST on Tuesday, 11 June, GBP/EUR (GBPEUR) is $1.19.

GBP/EUR’s yearly highs and lows, it’s 4.068% up from its 52-week low and 0.042% 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

  • According to FXStreet on Monday, 10 June, "A breakthrough above this level could exert support to lead the USD/JPY pair to navigate the area around the upper boundary nearing the level of 158.60. ", "The USD/JPY pair experienced support as the US Dollar (USD) regained its strength following the better-than-expected US employment data released on Friday."
  • Usd/jpy price analysis: bulls clear 157.00, eyeing 158.00. According to FXStreet on Monday, 10 June, "The USD/JPY jumped above the 157.00 figure on Monday, following last week’s stronger-than-expected employment data. ", "From a daily chart perspective, the USD/JPY remains consolidated with a slight upward tilt. "
  • Usd/jpy sticks to modest intraday gains above 157.00 mark, over one-week high. According to FXStreet on Tuesday, 11 June, "This, along with a stable performance around the equity markets, is seen undermining the Japanese Yen (JPY) and turning out to be a key factor acting as a tailwind for the USD/JPY pair.", "The USD/JPY pair scales higher for the third straight day - also marking the fourth day of a positive move in the previous five - and climbs to over a one-week high, around the 157.25 area during the Asian session on Tuesday. "
  • According to FXStreet on Tuesday, 11 June, "A breach below this level might intensify downward pressure on the USD/JPY pair, potentially directing it toward the throwback support area around 152.80.", "The USD/JPY pair received support from a stronger US Dollar (USD) as investors remained cautious ahead of the Federal Reserve’s (Fed) decision, along with the US inflation figures for May on Wednesday."

More news about GBP/EUR (GBPEUR).

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