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Midday update for the GBPUSD 04-08-2022

Economies.com
2022-08-04 13:03PM UTC

The GBPUSD pair trades with strong negativity to break the bullish channel’s support line and attacks 1.2077, which urges caution from the upcoming trading, as continuing the negative pressure and breaking the mentioned level will stop the recently suggested positive scenario and push the price back to the main bearish track again, while the price needs to step above 1.2155 to confirm resuming the bullish wave that its next target located at 1.2360.

 

The expected trading range for today is between 1.2040 support and 1.2200 resistance.

 

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The expected trend for today: Bullish

Midday update for the EURUSD 04-08-2022

Economies.com
2022-08-04 13:02PM UTC

The EURUSD pair continues to fluctuate near 1.0200 level without managing to breach it, and as long as the price is above 1.0100, our bullish overview will remain valid for today, waiting to get strong positive motive that assist to push the price to breach the mentioned level and rally towards 1.0278 followed by 1.0355 as next main targets.

 

The expected trading range for today is between 1.0100 support and 1.0260 resistance.

 

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The expected trend for today: Bullish

Robinhood pierces current resistance - Analysis - 04-08-2022

Economies.com
2022-08-04 12:45PM UTC

Robinhood's stock (HOOD) rose after pledging to focus on retail investors, while announcing a cut of 23% in the workforce due to weak trading while reporting a larger loss than expected, at 34 cents per share, with active monthly users down to 14 million, with the stock surging 11.7%, or 1.08 points, settling at 10.31, with trading volumes surpassing 37.4 million shares, above 10-day averages of 10.7 million shares.

 

The stock managed to pierce the resistance of 9.94, buoyed by trading above the 50-day SMA, with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the first resistance at 12.50, provided it settles above 9.94. 

 

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Expected trend for today: Bullish 

Starbucks returns higher - Analysis - 04-08-2022

Economies.com
2022-08-04 12:45PM UTC

Starbucks' stock (SBUX) returned higher in the intraday levels after reporting  record quarterly profits, beating estimates handily, with the stock rallying 4.25%, or 3.56 points, and settling at 87.27, with trading volumes surpassing 13 million shares, above 10-day averages of 7 million shares.

 

The upward correctional short-term trend dominates, amid positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 92.63, provided the support of 78.92 holds on.

 

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Expected trend for today: Bullish 

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3650 (2025-07-04 02:15AM UTC)