(VIANEWS) – GBP/EUR (GBPEUR) is currently on bullish momentum. At 16:06 EST on Thursday, 7 October, GBP/EUR (GBPEUR) is at 1.1780, 1.25% up since the last session’s close.
GBP/EUR (GBPEUR) Range
Concerning GBP/EUR’s daily highs and lows, it’s 1.604% up from its trailing 7 days low of $1.16 and 0.179% up from its trailing 7 days high of $1.18.
GBP/EUR’s yearly highs and lows, it’s 8.732% up from its 52-week low and 0.431% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current volatility was 0.32%, 0.04%, and 0.22%, respectively.
GBP/EUR’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.32% (last week), 0.28% (last month), and 0.22% (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 retreats from multi-day tops, holds above mid-111.00s. According to FXStreet on Wednesday, 6 October, "The USD/JPY pair surrendered a major part of its intraday gains to four-day tops and was last seen trading just a few pips above mid-111.00s.", "Moreover, the widening of the US-Japanese government bond yield differential could cap gains for the Japanese yen and also lend some support to the USD/JPY pair."
- Usd/jpy regains 111.00 as treasury yields, USD recover despite mixed clues. According to FXStreet on Monday, 4 October, "It’s worth noting that the hopes of easing COVID-19 woes in the US and Japan join the expectations of multi-billion dollars worth of Japanese budget and US infrastructures spending bill to question the USD/JPY moves.", "Failures to provide a decisive break above the 112.00 threshold joined overbought RSI conditions to trigger the latest USD/JPY weakness targeting August tops of 110.80."
- Usd/jpy stays in positive territory above 111.00 on rising US t-bond yields. According to FXStreet on Tuesday, 5 October, "After climbing above 112.00 for the first time in 2021 last week, the USD/JPY pair staged a deep correction and closed the previous three trading days in the negative territory. ", "Moreover, the benchmark 10-year US Treasury bond yield is holding near 1.5%, rising more than 1% on a daily basis and helping USD/JPY cling to daily gains."
- Usd/jpy breaks below 111.00 despite higher US t-bond yields. According to FXStreet on Monday, 4 October, "On the US front, the Trade Balance for August and the ISM Services PMI for September could offer fresh impetus for USD/JPY traders", "The USD/JPY recent fall is testing the 38.2% Fibo retracement from the 109.11/112.07 swing low/high. "
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