We expect a $240 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend upwards 48 hours following the Personal Income MoM events in United States release because the released value is = 0.4%. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
31 Oct 12:30 |
31 May 12:30 |
26 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
