The GBPUSD pair provided new negative trades yesterday to break 1.3790 and settles below it, to return to the correctional bearish channel that appears on the chart, which puts the price under more expected negative pressure on the intraday basis, on its way to visit 1.3705 followed by 1.3580 levels as main negative targets.
Moving below the EMA50 supports the expectations to decline in the upcoming sessions, while breaching 1.3780 represents positive factor that will lead the price to attempt to recover again and head towards 1.3890 as a first positive station.
The expected trading range for today is between 1.3660 support and 1.3840 resistance.
The expected trend for today: Bearish
The EURUSD pair attempted to breach 1.1885 level but it couldn’t manage to hold above it, to settle below this level and hints heading to rebound bearishly in the upcoming sessions, making the bearish bias suggested for today, targeting testing 1.1780 level initially.
Therefore, we expect witnessing negative trades today, taking into consideration that breaching 1.1885 and holding above it will stop the suggested negative scenario and lead the price to achieve more gains on the intraday and short term basis.
The expected trading range for today is between 1.1780 support and 1.1950 resistance.
The expected trend for today: Bearish
Starbucks' stock (SBUX) rallied 1.92% in the last session, piercing the resistance of 112.25 amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium term, countered with negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the first resistance at 117.35, provided it holds above 112.25.
Expected trend for today: Bullish
American International Group's stock (AIG) fell 0.19% in the last session amid negative signals from the RSI, with the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, while the stock gathers positive momentum to bolster it higher.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 48.88.
Expected trend for today: Bullish