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– Google reversed from pivotal support level 187.30
– Likely to rise to resistance level 200.00
Google recently reversed up from the pivotal support level 187.30, which is the lower border of the sideways price range inside which the price has been moving from last month.
The support level 187.30 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the sharp upward impulse from November.
Given the clear daily uptrend, Google can be expected to rise to the next round resistance level 200.00 (upper border of the active sideways price range).
Source: https://fxpro.news
