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We may be expecting a $1,290 movement on GBPUSD within 48 hours following the event release at 30 Jun 06:00.

Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, a $1,290 movement could occur on GBPUSD within 48 hours following the event release at 30 Jun 06:00. We expect GBPUSD to trend upwards 48 hours following the event release at 30 Jun 06:00 if the released value is > 0.8%

Historical events that allowed us to draw this conclusion

30 Sep 06:00
31 Mar 06:00
22 Dec 07:00
30 Sep 06:00

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

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After testing support twice in the past, GBP/USD has finally broken through. Can we expect a bearish trend to follow?

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PL may be ready to trend upwards today with a 66.67% chance.

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