We expect GBPUSD to trend downwards for the next 4 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 66.67% chance of this. We expect this to happen because the released value is > 2.3%. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 12:00 |
30 May 12:00 |
30 Apr 12:00 |
06 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
