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We could see GBPUSD trend downwards for the next 2 hours.

Based on the last 12 Consumer Confidence events in Japan, GBPUSD may trend downwards for the next 2 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is > 31.7

Historical events that allowed us to draw this conclusion

29 Oct 05:00
01 Oct 05:00
30 Jun 05:00
31 May 05:00

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

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