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We expect GBPUSD to trend downwards with a 83.33% chance.

We expect a $970 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards 48 hours following the Unemployment Rate events in Germany release because the released value is = 5.5%. A price movement of 97 pips is expected.

Historical events that allowed us to draw this conclusion

31 May 07:55
31 Mar 07:55
30 Nov 08:55
28 Oct 07:55

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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