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We expect GBPUSD to trend downwards today with a 83.33% chance.

Based on the last 12 Retail Sales MoM events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 14 Jan 13:30 if the released value is > 0%. A price movement of 62 pips is expected.

Historical events that allowed us to draw this conclusion

16 Nov 13:30
16 Sep 12:30
16 Jul 12:30
15 Apr 12:30
17 Feb 13:30

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

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We expect S to trend downwards today.

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