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We may be expecting a $200 movement on GBPUSD within 2 hours following the event release at 31 May 05:00.

Based on the last 12 Consumer Confidence events in Japan, a $200 movement could occur on GBPUSD within 2 hours following the event release at 31 May 05:00. We expect GBPUSD to trend upwards 2 hours following the event release at 31 May 05:00 if the released value is < 33.5 Historical events that allowed us to draw this conclusion

03 Mar 05:00
31 Jan 05:00
05 Jan 05:00
02 Dec 05:00
31 Aug 05:00

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

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