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GBP/EUR Bearish Momentum: 0.96% Down In The Last 10 Sessions

ViaNews Editorial Team

February 1, 2023

GBP/EUR Bearish Momentum: 0.96% Down In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.96% for the last 10 sessions. At 12:08 EST on Wednesday, 1 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.273% up from its 52-week low and 7.491% 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 positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (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 seesaws near 130.00 as yen traders await fed, US NFP amid hawkish boj bias. According to FXStreet on Monday, 30 January, "Although the 21-DMA and a two-week-old ascending support line restrict short-term USD/JPY moves between 130.30 and 129.30 in that order, bullish MACD signals and recently firmer RSI (14) suggests that the buyers are flexing muscles for entry.", "Looking forward, a light calendar may restrict immediate USD/JPY moves but China's return from holidays could entertain momentum traders. "
  • According to FXStreet on Monday, 30 January, "After rallying from the January 19 daily low of 137.91 towards the January 25 daily high of 142.29, the USD/JPY remains trapped in a 250 pip range within the 140.75-142.39 range for the last five days. ", "In an alternate scenario, if the USD/JPY pair breaks downwards, it would expose key support levels. "
  • Usd/jpy price analysis: to test the 20-day EMA after hitting a new session high around 130.50. According to FXStreet on Monday, 30 January, "However, USD/JPY buyers need to clear the 20-day EMA at 130.57, to open the door for further gains. ", "Therefore, the USD/JPY remains bearish despite trading at 130.49, above its opening price by 0.56%."

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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