If the released value is < 58.5 for the ISM Non-Manufacturing PMI event, we could see a $840 movement on GBPUSD within 12 hours following the release at 04 May 14:00. This movement may form an downwards trend for 12 hours following the event release at 04 May 14:00. Historical events that allowed us to draw this conclusion
05 Apr 14:00 |
03 Mar 15:00 |
06 Jul 14:00 |
05 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
