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05.04.202319:41 Forex Analysis & Reviews: GOOG share price forming a cup with handle bullish pattern.

Exchange Rates 05.04.2023 analysis

Black line- neckline resistance

GOOG share price is trading around $104.47. Price has formed a cup with handle pattern suggesting that a break above the neckline resistance of $107, would provide a bullish signal. So far price has tested the resistance level twice. Short-term support is the recent low of the 'handle' around $100. Bulls do not want to see price break below $100. A break below this level would cancel the bullish pattern.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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