Uber and Wayve Launch First Robotaxi Service in London

The news involves Alphabet's autonomous driving unit Waymo launching its robotaxi service in London, which reinforces Alphabet's technological leadership. On the technical indicators, the RSI at 60 signals positive momentum, while the MACD, although in negative territory, is approaching its signal line, indicating a potential recovery. The price is trading above the SMA20 and near the SMA50, suggesting short-term support. Despite the decline over the past 24 hours, the positive impact of the news and the current technical structure increase the likelihood of a limited upside move over the next 1-3 days. However, due to broader market uncertainties and macroeconomic factors, a strong move should not be expected.

Uber's launch of a robotaxi service in London is a positive development, demonstrating the company's strategic advancement in autonomous driving. Technically, the price is just above the 20-day moving average (76.02), and the RSI at 50.5 is in neutral territory, indicating room for upward movement in the short term. The MACD line is above the signal line and approaching zero from negative territory, suggesting improving momentum. Despite a 2.6% decline over the last 24 hours, the price could be expected to react toward the 77-78 resistance zone on the positive impact of the news. However, it should be noted that without a sustained breakout above the 50-day average (77.48), the upside may remain limited.