We expect a $450 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend upwards 4 hours following the Ifo Business Climate events in Germany release because the released value is > 88.6. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
24 Jun 08:00 |
24 Apr 08:00 |
27 Jan 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
