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GBPUSD could trend upwards today with a 80% chance.

Based on the last 12 Existing Home Sales events in United States, GBPUSD could trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 5.4M

Historical events that allowed us to draw this conclusion

22 Nov 15:00
21 Oct 14:00
23 Aug 14:00
22 Jun 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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A $395.287 movement could be seen on BO within 48 hours following the release of Existing Home Sales.

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BTCEUR experienced a very large 20 hours bullish move to 20,463.28

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