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Strong employment data yesterday helped sterling to claw back some of Tuesday’s losses against the US dollar, as the rising trend off the July lows continues.
Yesterday’s dip provided yet another chance to enter the rally, with the pair now targeting $1.3475, where gains faltered on 14/15 July.
For now, pullbacks are likely to be treated as buying opportunities, with sellers requiring a close below $1.3050 to negate the relatively bullish outlook here.