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We expect a $300 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the Inflation Rate YoY events in United Kingdom release because the released value is > 5.9%. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 18:00 |
15 Dec 18:00 |
15 Sep 16:00 |
14 Jul 16:00 |
16 Jun 16:00 |
19 May 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).