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We expect GBPUSD to trend downwards right now.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past United States Continuing Jobless Claims news events there is a 80% chance of this. We expect this to happen because the released value is > 1327K. A price movement of 98 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jun 12:30
16 Jun 12:30
26 May 12:30
28 Apr 12:30

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

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We expect a 7737 pip movement on C within 48 hours following the event release.

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Important price line being approached by 10 year US Treasury Note SEPTEMBER 2022. This price has been tested numerous times before.

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