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We expect GBPUSD to trend upwards for the next 4 hours.

We expect GBPUSD to trend upwards for the next 4 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is > 4.3%. A price movement of 73 pips is expected.

Historical events that allowed us to draw this conclusion

28 Oct 12:00
29 Jul 12:00
31 May 12:00
29 Apr 12:00
01 Mar 13:00
28 Jan 13:00

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

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