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We expect a $190 movement on GBPUSD within 4 hours following the release of Consumer Confidence.

We expect a $190 movement on GBPUSD within 4 hours following the release of Consumer Confidence at 31 Jul 05:00. We expect GBPUSD to trend upwards 4 hours following the event release at 31 Jul 05:00 if the released value is < 38.5. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

31 May 05:00
30 Jan 05:00
30 Nov 05:00
31 Oct 05:00
29 Aug 05:00
31 Jul 05:00

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

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