Based on the last 12 Retail Sales MoM events in United States, we could see a 200 pip movement on GBPUSD for the next 48 hours. GBPUSD could trend downwards for 48 hours because the released value is < -0.1% Historical events that allowed us to draw this conclusion
18 Jul 12:30 |
16 May 12:30 |
14 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
