(VIANEWS) – EUR/GBP quickly fell nearly 20 points from its highest point since June early and traded in neutral at 0.8625-30.
FXStreet confirmed that the cross benefited from its strong bounce around the psychological mark of 0.8500 and has gained some momentum through Tuesday’s trading. The relative low performance of the British pound sponsored this fourth positive day in five trading sessions.
EUR/GBP (EURGBP) is currently on bearish momentum. At 08:06 EST on Thursday, 22 July, EUR/GBP (EURGBP) is at 0.8552, 0.57% down since the last session’s close.
EUR/GBP (EURGBP) Range
About EUR/GBP’s daily highs and lows, it’s 0.512% down from its trailing 24 hours low of $0.86 and 0.593% down from its trailing 24 hours high of $0.86.
EUR/GBP’s yearly highs and lows, it’s 1.544% up from its 52-week low and 7.944% down from its 52-week high.
EUR/GBP’s last week, last month’s, and last quarter’s current volatility was 0.25%, 0.11%, and 0.29%, respectively.
EUR/GBP’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.45% (last week), 0.33% (last month), and 0.29% (last quarter), respectively.
Last news about EUR/GBP (EURGBP)
Eur/gbp price analysis: 50-dma tests multi-day-old resistance break. According to FXStreet on Monday, 19 July, “However, firmer RSI, as well as the pair’s higher-high and higher-low bullish formation, keeps EUR/GBP buyers hopeful.”, “On the flip side, a daily closing below the resistance-turned-support line around 0.8575 will direct short-term EUR/GBP sellers to June’s low of 0.8530 but the monthly bottom close to the 0.8500 round figure will challenge the quote’s extra downside.”
Eur/gbp eases from 1-1/2-month tops, flat-lined around 0.8625-30 region. According to FXStreet on Tuesday, 20 July, “This, in turn, kept a lid on any strong gains for the EUR/GBP cross, at least for the time being. “, “The EUR/GBP cross quickly retreated nearly 20 pips from the highest level since early June in the last hour and was last seen trading in the neutral territory, around the 0.8625-30 region.”
Eur/gbp jumps to near two-month tops, around 0.8670 region. According to FXStreet on Tuesday, 20 July, “This, along with the resurgence of the COVID-19 infections in the UK, acted as a headwind for the British pound and provided a strong lift to the EUR/GBP cross.”, “This, in turn, might hold bullish traders from placing any aggressive bets around the EUR/GBP cross and keep a lid on any further gains, at least for the time being. ”
Eur/gbp retreats further from two-month tops, downside seems limited. According to FXStreet on Wednesday, 21 July, “The EUR/GBP cross retreated nearly 30 pips from the daily swing highs and dropped to fresh session lows, around the 0.8625 region in the last hour.”, “Sustained US dollar buying was seen as a key factor behind the shared currency’s underperformance, which, in turn, exerted some pressure on the EUR/GBP cross.”
Eur/gbp off multi-day lows, keeps the red below 0.8600 mark ahead of ECB. According to FXStreet on Thursday, 22 July, “This, in turn, could extend some support to the EUR/GBP cross and help limit the downside.”, “This, along with the ECB President Christine Lagarde’s remarks at the post-meeting press conference, might produce some trading opportunities around the EUR/GBP cross.”
News about USD/JPY
Usd/jpy extends rebound, approaches 110.00 as US yields soar. According to FXStreet on Tuesday, 20 July, “The chart still shows the USD/JPY with a bearish bias but the rebound alleviated the pressure. ”
Usd/jpy extending bullish correction to test bearish commitments at 110.00. According to FXStreet on Wednesday, 21 July, “At the time of writing, USD/JPY is trading near the highs of the day and up 0.11% so far.”, “This helped to send USD/JPY higher by0.4% to 109.85, (the 61.8% Fibo) aided by the rebound in US yields.”
Usd/jpy trades with modest gains around mid-109.00s, upside seems limited. According to FXStreet on Tuesday, 20 July, “The USD/JPY pair, for now, seems to have stalled its recent sharp pullback from YTD tops, around the 111.65 region and was supported by a combination of factors.”, “This further makes it prudent to wait for some strong follow-through buying before confirming that the USD/JPY pair has bottomed out in the near term and positioning for any further appreciating move.”
Usd/jpy recovers modestly after dropping to multi-week lows near 109.00. According to FXStreet on Monday, 19 July, “Meanwhile, the benchmark 10-year US Treasury bond yield is losing more than 7%, making it difficult for USD/JPY to erase its losses.”
More news about EUR/GBP (EURGBP).