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We expect a $630 movement on GBPUSD within 48 hours following the release of Retail Sales MoM.

We expect a $630 movement on GBPUSD within 48 hours following the release of Retail Sales MoM at 16 Jul 12:30. We expect GBPUSD to trend upwards 48 hours following the event release at 16 Jul 12:30 if the released value is > 0.1%. A price movement of 63 pips is expected.

Historical events that allowed us to draw this conclusion

11 Mar 12:30
15 Nov 13:30
15 Aug 12:30

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

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After testing the resistance line numerous times, UK100 is once again approaching this line. Can we expect a bullish trend to follow?

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