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There is a 71.43% chance of GBPUSD trending downwards

Based on past United States GDP Price Index QoQ 2nd Est news events there is a 71.43% chance of GBPUSD trending downwards. We expect this to happen if the released value is < 2.4%. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

30 May 12:30
30 May 12:30
28 Feb 13:30
28 Feb 13:30
27 May 12:30

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

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We expect EURUSD to trend downwards today with a 75% chance.

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