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There is a 66.67% chance of GBPUSD trending upwards

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we may expect GBPUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is < 42.5. A price movement of 135 pips may be experienced. Historical events that allowed us to draw this conclusion

18 Jun 09:00
11 Jul 09:00

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

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We expect CC to trend upwards for the next 2 hours.

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FRA40 is approaching 7478.0000. We expect either a breakout through this line, or a rebound.

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