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There is a 75% chance of GBPUSD trending upwards

We expect GBPUSD to trend upwards for the next 48 hours. Based on these past Switzerland GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen because the released value is < 0.4%. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion

26 Nov 08:00
02 Sep 07:00
03 Jun 05:45

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

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