Australia Balance of Trade News Event – a $390 opportunity on GBPUSD

We expect a $390 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the Balance of Trade events in Australia release because the released value is < A$8.8B. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion

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