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

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”).

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