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GBP/EUR Bearish Momentum: 0.97% Down In The Last 10 Sessions

ViaNews Editorial Team

October 25, 2023

GBP/EUR Bearish Momentum: 0.97% Down In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.97% for the last 10 sessions. At 23:07 EST on Tuesday, 24 October, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR's yearly highs and lows, it's 3.098% up from its 52-week low and 2.464% down from its 52-week high.

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

  • According to FXStreet on Tuesday, 24 October, "BoJ intervention last year in USD/JPY largely passed CHF/JPY so we should not overplay downside if the central bank decides to sell USD above 150."
  • Usd/jpy technical analysis: the strongest upward trend - 24 October 2023. According to DailyForex on Tuesday, 24 October, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:'ReviewsNonPartner',id:'horizontal-top-5',size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});At the beginning of this week's trading, the USD/JPY jumped towards the psychological resistance level of 150.00 for a very short time before retreating towards the support level of 149.55 at the time of writing the analysis.", "According to the performance on the daily chart, the general trend of the USD/JPY is still bullish, and we still expect a move towards the psychological resistance of 150.00 as a test tube for markets, investors, and even Japanese officials. "
  • Usd/jpy: Japanese officials to intervene at the earliest feasible moment – MUFG. According to FXStreet on Tuesday, 24 October, "The BoJ's actions and USD/JPY threatening to break above 150 will not help form an impression that the government is doing all it can to fight inflation. ", "That could prove difficult right now given the stability in the USD/JPY market but the poor showing in these elections will certainly encourage intervention at the earliest feasible moment."
  • Usd/jpy clings to mild gains below 150.00 following Japanese PMI data. According to FXStreet on Tuesday, 24 October, "The USD/JPY pair sticks to mild gains after bouncing off the 149.55 low during the early Asian session on Tuesday. "

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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