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GBP/EUR Slides By 1% In The Last 21 Sessions

ViaNews Editorial Team

November 20, 2023

GBP/EUR Slides By 1% In The Last 21 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.99% for the last 21 sessions. At 22:12 EST on Sunday, 19 November, GBP/EUR (GBPEUR) is $1.14.

GBP/EUR's yearly highs and lows, it's 2.55% up from its 52-week low and 2.982% 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 negative 0.02%, a negative 0.04%, and a positive 0.19%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.22% (last week), 0.20% (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 overbought (>=80).

News about

  • Usd/jpy trades with modest intraday losses around mid-150.00s, lacks follow-through selling. According to FXStreet on Friday, 17 November, "The USD/JPY pair edges lower for the second straight day on Friday and trades around the 150.60 area during the Asian session, down less than 0.10% for the day and above the previous day's swing low.", "Apart from this, a softer risk tone is seen benefitting the safe-haven Japanese Yen (JPY) and exerting some pressure on the USD/JPY pair. "
  • Usd/jpy to decline below 140 on a 6-12m horizon – danske bank. According to FXStreet on Friday, 17 November, "Economists at Danske Bank expect the USD/JPY pair to nosedive over the coming months."
  • Usd/jpy price analysis: struggles at 151.00 drops below tenkan-sen, 150.00 eyed. According to FXStreet on Friday, 17 November, "According to the daily chart, the USD/JPY remains upward biased for the long term, but in the short term, the drop below the Tenkan-Sen at 150.92 could open the door for a deeper pullback, and test key support levels.", "On the other hand, if USD/JPY buyers reclaim the Tenkan-Sen at 150.91, that would sponsor a leg-up above the 151.00 mark, opening the door to retesting the year-to-date (YTD) high at 151.91."
  • Usd/jpy dips below 150.00, on sentiment shift, despite positive US housing data. According to FXStreet on Friday, 17 November, "The USD/JPY dropped below the 150.00 figure during Friday's mid-North American session as market sentiment shifted sour due to derivative instruments expiring linked to stocks. ", "Meanwhile, the US Dollar Index (DXY), which tracks the buck's value vs. a basket of peers, drops 0.32% and trades at 104.05, a headwind for the USD/JPY pair. "

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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