Based on the last 12 Inflation Rate YoY Prel events in Germany, GBPUSD could experience an upwards trend. Based on these past events there is a 85.71% chance of this, and the trend could last 4 hours because the released value is < 3.5%. Historical events that allowed us to draw this conclusion
30 Oct 13:00 |
28 Sep 12:00 |
31 May 12:00 |
28 Apr 12:00 |
09 Feb 07:00 |
03 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
