GBPUSD short term uptrend is holding following a big surge up after the UK Budget. The pair did not hold a break through 1.4500 level and needs to close above this level to confirm the uptrend before challenging the February high at the 1.4650 level. However Brexit concerns will continue to weigh heavily and the market remains vulnerable to a resumption of the long term downtrend on a break below 1.4050.
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