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GBP/EUR Bullish Momentum With A 1% Rise In The Last 10 Sessions

ViaNews Editorial Team

January 17, 2024

GBP/EUR Bullish Momentum With A 1% Rise In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.05% for the last 10 sessions. At 16:06 EST on Wednesday, 17 January, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR's yearly highs and lows, it's 4.67% up from its 52-week low and 0.977% 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

  • Usd/jpy climbs in light trading and faces resistance at around 146.00. According to FXStreet on Monday, 15 January, "The daily chart portrays the pair at the brisk of shifting bullish, as the USD/JPY spot price is near the bottom of the Ichimoku Cloud (Kumo). ", "Despite that, the Greenback (USD) remains strong across the board, as the USD/JPY exchanges hands at 145.79, up by 0.63%."
  • Usd/jpy analysis: completing the upward bounce - 16 January 2024. According to DailyForex on Tuesday, 16 January, "On the other hand, bullish expectations will be affected if the USD/JPY pair price returns below the support at 144.20. "
  • Usd/jpy analysis: moving inside an upward channel - 15 January 2024. According to DailyForex on Monday, 15 January, "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY currency pair is trading within a descending channel. ", "In the long term, and according to the performance on the daily chart, it appears that the USD/JPY currency pair is trading within an upward channel. "
  • Usd/jpy will struggle to hold above 146/147 levels – ING. According to FXStreet on Monday, 15 January, "We think 152 probably was the top for USD/JPY and it will struggle to hold above 146/147 levels now. "

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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