(VIANEWS) – GBP/EUR (GBPEUR) is currently on bearish momentum. At 19:07 EST on Thursday, 2 December, GBP/EUR (GBPEUR) is at 1.1760, 25665.22% down since the last session’s close.

GBP/EUR (GBPEUR) Range

About GBP/EUR’s daily highs and lows, it’s 0.29% up from its trailing 7 days low of $1.17 and 1.21% down from its trailing 7 days high of $1.19.

GBP/EUR’s yearly highs and lows, it’s 8.547% up from its 52-week low and 1.433% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.35%, a negative 0.03%, and a positive 0.27%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.30% (last month), and 0.27% (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).

News about USD/JPY

  • Usd/jpy unable to hold above 50dma at 113.20 as long-duration US yields remains subdued. According to FXStreet on Tuesday, 30 November, "As is normally the case, USD/JPY price action on Tuesday was to a large extent driven by fluctuations in US bond yields and its impact on US/Japan rate differentials. ", "The risk of further safe-haven bids into long-term US bonds in wake of more bad news on the Covid-19 Omicron front remains elevated and until there is more certainty, USD/JPY may remain a sell on rallies."
  • Usd/jpy grinds higher towards 114.00 as yields recover on coronavirus talks. According to FXStreet on Tuesday, 30 November, "Looking forward, US CB Consumer Confidence for November will precede Testimonies from Fed’s Powell and Treasury’s Yellen to direct short-term USD/JPY moves. ", "Additionally, news that the US global military posture highlighted the need to work with allies and partners to beef up deterrence against potential Chinese aggression and North Korean threats, per Kyodo News, adds to the US dollar’s safe-haven demand and favor USD/JPY buyers."
  • Usd/jpy recovers further from near two-month low, climbs above mid-113.00s. According to FXStreet on Wednesday, 1 December, "Following the overnight volatile price swings, the USD/JPY pair gained some positive traction on Wednesday and was supported by a combination of factors. ", "This could hold back traders from placing aggressive bullish bets and cap the USD/JPY pair’s ongoing recovery from a near two-month low."
  • Usd/jpy slides further below 113.00, lowest since October 11. According to FXStreet on Tuesday, 30 November, "This, along with the broader market risk sentiment, should provide some impetus to the USD/JPY pair.", "Following the previous day’s two-way price moves, the USD/JPY pair met with fresh supply on Tuesday and prolonged its retracement slide from a near five-year peak, around mid-115.00s touched last week. "

More news about GBP/EUR (GBPEUR).

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