(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.08% for the last 10 sessions. At 16:08 EST on Thursday, 21 September, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.64% up from its 52-week low and 2.039% 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 hovers near yearly highs as investors await fed and boj decisions. According to FXStreet on Tuesday, 19 September, "The USD/JPY remains subdued as Tuesday’s session begins, ahead of the US Federal Reserve’s decision on Wednesday, in which the US central bank is expected to keep rates unchanged at the 5.25%-5.50% range. ", "Initial resistance for the USD/JPY is seen at 148.00 before climbing towards the October 31 daily high at 148.84. "
- Usd/jpy hovers around 147.70, awaiting fomc’s decision. According to FXStreet on Wednesday, 20 September, "The USD/JPY remains subdued early in the North American session as traders brace for the US Federal Reserve’s monetary policy decision. ", "From a technical perspective, the USD/JPY is at the brisk of conquering 148.00 and extends its gains towards the October 31 daily high of 148.84, which, if cleared, the USD/JPY could re-test the 150.00 mark. "
- Usd/jpy rallying into 148.00 on fed rate call, inflation outlook. According to FXStreet on Wednesday, 20 September, "The USD/JPY pair is catching a lift up the charts following the Federal Reserve’s (Fed) rate call and inflation outlook update, pushing into fresh highs near the 148.00 handle as the Greenback (USD) catches a ride on rising inflation expectations from the Fed.", "Today’s topside action for the USD/JPY has the pair set to challenge ten-month highs."
- Usd/jpy May continue to trade higher – OCBC. According to FXStreet on Tuesday, 19 September, "With no imminent BoJ shift, markets could revert back to trading USD/JPY higher. ", "Beyond the near term, we expect USD/JPY to trade lower on the back of a moderate-to-soft USD profile (as Fed tightening stretches into late cycle and that USD can fall when pause or pivot comes into play) and on expectation for further BoJ shift towards policy normalisation amid higher inflationary and wage pressures in Japan."
- Usd/jpy remains confined in a range below YTD top; awaits crucial fed, boj policy meetings. According to FXStreet on Tuesday, 19 September, "This, in turn, suggests that the path of least resistance for the USD/JPY pair is to the upside. ", "The outlook remains supportive of elevated US Treasury bond yields, which assists the US Dollar (USD) to stall its corrective pullback from a six-month peak and lends support to the USD/JPY pair."
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