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We expect GBPUSD to trend downwards today with a 66.67% chance.

Based on the last 12 Employment Change events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 18 Jul 01:30 if the released value is > 10K. A price movement of 67 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jun 01:30
16 May 01:30
18 Apr 01:30
24 Jan 00:30
15 Nov 00:30
19 Jul 01:30

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

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USD/JPY Target Level: 107.7900

USD/JPY Target Level: 107.7900

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We expect USDJPY to trend upwards today with a 75% chance.

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