Australia Retail Sales MoM News Event – a $40 opportunity on GBPUSD

We expect a $40 movement on GBPUSD within 2 hours following the release of Retail Sales MoM at 03 Jul 01:30. We expect GBPUSD to trend upwards 2 hours following the event release at 03 Jul 01:30 if the released value is < 16.3%. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion

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