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We expect a $1220 movement on GBPUSD within the next 48 hours.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, GBPUSD may trend upwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > 8.8

Historical events that allowed us to draw this conclusion

14 Nov 10:00
12 Sep 09:00
15 Aug 09:00
13 Jun 09:00
17 Jan 10:00
13 Dec 10:00

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 upwards today with a 75% chance.

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