What to trade around Euro Area GDP Growth Rate QoQ Flash news event

Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 02 Feb 10:00 if the released value is < -1%. A price movement of 33 pips is expected. Historical events that allowed us to draw this conclusion

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