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

Based on the last 12 Unemployment Rate events in Germany, 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 2 hours following the event release at 31 Mar 07:55 if the released value is = 5%. A price movement of 49 pips is expected.

Historical events that allowed us to draw this conclusion

30 Nov 08:55
28 Oct 07:55
30 Jun 07:55
01 Jun 07:55
29 Apr 07:55

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

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