(VIANEWS) – GBP/EUR (GBPEUR) is currently on bullish momentum. At 14:07 EST on Tuesday, 16 November, GBP/EUR (GBPEUR) is at 1.1862, 0.57% up since the last session’s close.
GBP/EUR (GBPEUR) Range
About GBP/EUR’s daily highs and lows, it’s 1.289% up from its trailing 24 hours low of $1.17 and 0.765% up from its trailing 24 hours high of $1.18.
GBP/EUR’s yearly highs and lows, it’s 9.489% up from its 52-week low and 0.319% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.05%, 0.02%, and 0.24%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.17% (last week), 0.31% (last month), and 0.24% (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 oversold (<=20).
News about USD/JPY
- Usd/jpy remains confined in a range below 114.00 mark. According to FXStreet on Monday, 15 November, "Apart from this, the broader market risk sentiment will drive demand for the safe-haven JPY and further contribute to producing some meaningful trading opportunities around the USD/JPY pair.", "The USD/JPY pair seesawed between tepid gains/minor losses and remained confined in a range below the 114.00 mark heading into the North American session."
- Usd/jpy eases from two-week highs, up little around 114.15-20 area. According to FXStreet on Tuesday, 16 November, "The prevalent cautious mood - as depicted by a softer tone around the equity markets - benefitted the safe-haven Japanese yen and acted as a headwind for the USD/JPY pair. ", "However, a combination of factors held back bullish traders from placing aggressive bets and kept a lid on any meaningful upside for the USD/JPY pair, at least for now."
- Usd/jpy struggles for direction, consolidates in a range below 114.00 mark. According to FXStreet on Monday, 15 November, "Traders will further take cues from the broader market risk sentiment for some short-term opportunities around the USD/JPY pair.", "This should help limit the USD losses and also warrants some caution before placing any aggressive bearish bets around the USD/JPY pair."
- Usd/jpy persistent around 114.00 level, amid grim GDP data. According to FXStreet on Monday, 15 November, "Besides the China data, USD/JPY will find impetus from US Retail Sales MoM, which can nudge the pair in either direction."
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