I like to see the old fashion 'former resistance as new support' scenarios play out. Seems to be the case with GBPUSD holding at 1.5500. Also can qualify as the neckline for an inverse head-and-shoulders pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.