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We expect GBPUSD to trend downwards for the next 4 hours. Based on these past United Kingdom Retail Sales MoM news events there is a 83.33% chance of this. We expect this to happen because the released value is > -0.4%. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
28 Mar 07:00 |
21 Feb 07:00 |
18 Oct 06:00 |
20 Sep 06:00 |
21 Jun 06:00 |
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