(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.53% for the last 21 sessions. At 02:07 EST on Thursday, 25 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.372% up from its 52-week low and 4.062% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.03%, a positive 0.14%, and a positive 0.26%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.14% (last week), 0.26% (last month), and 0.26% (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).
- Usd/jpy price analysis: rising wedge at multi-day top keeps yen buyers hopeful near 138.50. According to FXStreet on Wednesday, 24 May, "Alternatively, the stated wedge’s top line, close to the 139.00 round figure by the press time, restricts immediate USD/JPY recovery. ", "Not only the bearish pattern but the downbeat MACD signals and failure to remain firmer at the multi-day high also lures the USD/JPY sellers."
- Usd/jpy technical analysis: psychological resistance 140.00 – 23 May 2023. According to DailyForex on Tuesday, 23 May, "Dollar expectations against the Japanese yen today:The general trend of the USD/JPY currency pair is still bullish."
- Usd/jpy consolidates around mid-138.00s, bulls retain control near YTD top ahead of US pmis. According to FXStreet on Tuesday, 23 May, "The aforementioned supportive fundamental backdrop suggests that the path of least resistance for the USD/JPY pair is to the upside. ", "The resultant widening of the US-Japan rate differential, along with a more dovish stance adopted by the Bank of Japan (BoJ), undermine the Japanese Yen (JPY) and support prospects for the emergence of some dip-buying around the USD/JPY pair, warranting caution for bearish traders. "
- Usd/jpy reached a YTD high but retreated as fed minutes confirmed a possible pause. According to FXStreet on Wednesday, 24 May, "The USD/JPY reacted upwards and hit a new YTD high, above the R2 daily pivot, before pairing some of those gains, with the USD/JPY eyeing a test of the 139.00 figure. ", "USD/JPY extended its gains of more than 0.39%, as the latest Federal Reserve May meeting minutes showed that a scenario of more rate hikes was "less certain." At the time of writing, the USD/JPY is trading at 139.05, pointing a new year-to-date (YTD) high of 139.38."
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