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Based on the last 12 Ifo Business Climate events in Germany, GBPUSD may trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 92.9
Historical events that allowed us to draw this conclusion
25 Apr 18:00 |
22 Feb 20:00 |
25 Jan 20:00 |
25 May 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).