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Trade with an edge around todays JP Consumer Confidence news event

Trade with an edge around todays JP Consumer Confidence news event

Based on past JP Consumer Confidence news events there is a 88.9% of GBPUSD trending up
We expect this to happen because the released value is < 43.5. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

29 Aug 05:00
 
31 Jul 05:00
 
29 Jun 05:00
 
30 May 05:00
 
02 May 05:00
 
09 Apr 05:00
 
01 Mar 05:00
 
31 Jan 05:00
 

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

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