We expect GBPUSD to trend up for the next 4 hours. Based on these past DE Balance of Trade news events there is a 85.7% of this.
We expect this to happen because the released value is < € 21.8B. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
07 Sep 06:00 |
07 Aug 06:00 |
09 Jul 06:00 |
09 Apr 06:00 |
08 Feb 07:00 |
08 Dec 07:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
