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GBP/EUR Bullish Momentum: 0.93% Up In The Last 10 Sessions

ViaNews Editorial Team

August 21, 2023

GBP/EUR Bullish Momentum: 0.93% Up In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.93% for the last 10 sessions. At 04:10 EST on Monday, 21 August, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR's yearly highs and lows, it's 8.138% up from its 52-week low and 1.665% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.20%, 0.08%, and 0.25%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.23% (last week), 0.25% (last month), and 0.25% (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 remains on the defensive amid subdued USD price action, holds above 145.00. According to FXStreet on Monday, 21 August, "Investors, however, prefer to wait on the sidelines ahead of the crucial Jackson Hole Symposium later this week, where comments by central bankers might infuse significant volatility in the markets and provide some meaningful impetus to the USD/JPY pair. ", "This, along with subdued US Dollar (USD) price action, is seen as a key factor acting as a headwind for the USD/JPY pair. "
  • Usd/jpy treads water around 145.40, focus on Jackson hole symposium. According to FXStreet on Monday, 21 August, "Such a step could impact the price movement of the USD/JPY pair, influencing its overall price action."
  • Usd/jpy price analysis: remains confined around 145.40 amid the cautious mood. According to FXStreet on Monday, 21 August, "The USD/JPY pair oscillates in a narrow range below the mid-145.00s heading into the early Asian session on Monday. ", " On the upside, the immediate resistance level for USD/JPY appears at 145.85 (high of August 15). "

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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