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We expect GBPUSD to trend downwards for the next 2 hours. Based on these past United Kingdom Retail Sales MoM news events there is a 80% chance of this. We expect this to happen because the released value is < 1.2%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
20 Jun 06:00 |
17 Jan 07:00 |
22 Nov 07:00 |
19 Jul 06:00 |
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