We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Germany Unemployment Rate news events there is a 80% chance of this. We expect this to happen because the released value is < 5.4%. A price movement of 84 pips is expected. Historical events that allowed us to draw this conclusion
02 Mar 08:55 |
01 Feb 08:55 |
04 Jan 08:55 |
29 Jul 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
