( Short Term Outlook) GPUSD has continued to strengthen on receding Brexit fears following US President Obamah's strong endorsement for UK to remain within EU. As can be seen on the H4 chart the March swing high at the 1.4500 level has been decisively penetrate, and the pair now appears to be preparing for a serious challenge of the 1.4650 level and the nearby significant high at 1.4650, which is around the highs for the year. It would be reasonable to expect some degree of consolidation prior to such a push higher should it occur.
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