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We expect GBPUSD to trend downwards for the next 12 hours.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Germany Unemployment Rate news events there is a 85.71% chance of this. We expect this to happen because the released value is = 5.5%. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

31 Aug 07:55
29 Jul 07:55
31 May 07:55
03 May 07:55
31 Mar 07:55
30 Nov 08:55

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

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