(VIANEWS) – GBP/USD traded between modest gains and minor losses during the European session. It was last trading in neutral, at just over mid-1.3900s.
FXStreet confirmed the observation that the pair oscillated in a narrow trading range on Friday’s first half. The pair then consolidated its gains to their highest point since June 24, with a consolidation of strong gains. The GBP/USD has recovered more than 400 pips since its multi-month lows last week, fueled by optimism about the UK’s declining trend of COVID-19 cases.
GBP/USD (GBPUSD) is currently on bullish momentum. At 17:06 EST on Sunday, 1 August, GBP/USD (GBPUSD) is at 1.3906, 1.02% up since the last session’s close.
GBP/USD (GBPUSD) Range
Concerning GBP/USD’s daily highs and lows, it’s 1.149% up from its trailing 7 days low of $1.37 and 0.472% down from its trailing 7 days high of $1.40.
GBP/USD’s yearly highs and lows, it’s 9.669% up from its 52-week low and 2.393% down from its 52-week high.
GBP/USD’s last week, last month’s, and last quarter’s current volatility was a positive 0.34%, a negative 0.10%, and a positive 0.47%, respectively.
GBP/USD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.39% (last week), 0.43% (last month), and 0.47% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/USD’s Forex is considered to be oversold (<=20).
Last news about GBP/USD (GBPUSD)
Pound sterling price news and forecast: gbp/usd breaches 1.3900 mark. According to FXStreet on Thursday, 29 July, “More ground to cover” – the Federal Reserve has said it is waiting for more data before tightening, and that has sent GBP/USD to the highest in a month. “, “The GBP/USD currency exchange rate has passed the resistance of the 1.3900 marks and the weekly R2 simple pivot point at 1.3919. ”
Gbp/usd sticks to strong gains near 1.3970-75, multi-week tops on dismal US GDP. According to FXStreet on Thursday, 29 July, “The GBP/USD pair maintained its strong bid tone through the early North American session and refreshed multi-week tops, around the 1.3970-75 region in reaction to weaker US macro releases.”, “This, in turn, should continue to act as a headwind for the greenback and pave the way for an extension of the GBP/USD pair’s ongoing positive momentum.”
Pound sterling price news and forecast: gbp/usd poised to challenge the 1.4000 threshold. According to FXStreet on Thursday, 29 July, “At the time of writing, GBP/USD is leaning on support from the bullish 10 EMA and prior resistance structure near 1.3960. “, “The GBP/USD pair extended its weekly rally to 1.3981, its highest in a month, underpinned by the broad dollar’s weakness. ”
Pound sterling price news and forecast: gbp/usd keeps bullish tone and aims for 1.40. According to FXStreet on Friday, 30 July, “The GBP/USD pair reversed an intraday dip to the 1.3935 region and turned positive for the fifth consecutive session on Friday. ”
Gbp/usd consolidates near multi-week tops, around mid-1.3900s. According to FXStreet on Friday, 30 July, “It is worth reporting that the GBP/USD pair has rallied over 400 pips from multi-month lows touched last week amid optimism over the declining trend in new COVID-19 cases in the UK.”, “There isn’t any major market-moving economic data due for release from the UK on Friday, leaving the GBP/USD pair at the mercy of the USD price dynamics. ”
News about USD/JPY
Usd/jpy clings to modest gains near 110.60, eyes on US data. According to FXStreet on Friday, 30 July, “Although the recovery witnessed in the 10-year US Treasury bond yield helped the pair limit its losses on Thursday, the broad-based selling pressure surrounding the greenback caused USD/JPY to edge lower. “, “Nevertheless, the DYX is posting small daily gains at 91.94on Friday and allowing USD/JPY to stay green. ”
Usd/jpy off lows, down little around 109.80-85 ahead of US GDP. According to FXStreet on Thursday, 29 July, “The difference in tone between the policy statement and Powell’s remarks triggered a broad-based USD selloff and weighed on the USD/JPY pair.”, “The USD/JPY pair remained on the defensive through the mid-European session, albeit has managed to rebound few pips from daily lows and was last seen trading around the 109.80-85 region.”
According to FXStreet on Thursday, 29 July, “The cross is steady as the offerin the US dollar pull in USD/JPY and support EUR/USD higher.”
According to FXStreet on Thursday, 29 July, “The Japanese yen appreciated on the back of a better market’s mood, with USD/JPY trading around 109.40.”
Usd/jpy drops toward weekly low near 109.00 amid USD weakness. According to FXStreet on Friday, 30 July, “The intense selling pressure in the US Dollar keeps USD/JPY edgy in the Asian session on Friday. ”
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