Based on the last 12 Retail Sales MoM events in Australia, we expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for the next 48 hours because the released value is < 0.2%. A price movement of 56 pips is expected. Historical events that allowed us to draw this conclusion
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05 Feb 00:30 |
03 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
