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Want to know why GBPUSD is going down for the next 4 hours?

Want to know why GBPUSD is going down for the next 4 hours?

Based on the last 12 Ifo Business Climate events in DE, we expect a $200 movement on GBPUSD within the next 4 hours.
We expect GBPUSD to trend down for the next 4 hours because the released value is < 103 Historical events that allowed us to draw this conclusion

25 May 08:00
 
22 Mar 09:00
 
22 Feb 09:00
 
19 Dec 09:00
 

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

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