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We expect GBPUSD to trend downwards for the next 12 hours.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 83.33% chance of this. We expect this to happen because the released value is > 1.9%. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

30 May 12:00
30 Apr 12:00
06 Jan 13:00
30 Oct 13:00
30 Jul 12:00

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

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We expect SM to trend upwards right now.

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We expect a $360 movement on GBPUSD within the next 2 hours.

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