The pound sterling still retains a moderate uptrend. Therefore, we look at the level of 1.5950, the daily fractal; it will be the level that could provide dynamic support to par. So we recommend buying at this level with goals back into the downtrend line at 1.6050 level.
On the fundamental aspect, we can see a lot of volatility in this pair, in the two weeks to come. After all, this is one of the less liquid times of the year, as traders will leave for the holiday as we move through the month of December.
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