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We expect a $1000 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the GDP Growth Rate QoQ Flash events in Euro Area release because the released value is > 0.2%. A price movement of 100 pips is expected.
Historical events that allowed us to draw this conclusion
30 Apr 09:00 |
31 Jul 09:00 |
31 Jan 10:00 |
29 Oct 09:00 |
30 Jul 09:00 |
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