Based on the last 12 Ifo Business Climate events in DE, we expect a $200 movement on GBPUSD within the next 4 hours.
We expect GBPUSD to trend down for the next 4 hours because the released value is < 103
Historical events that allowed us to draw this conclusion
25 May 08:00 |
22 Mar 09:00 |
22 Feb 09:00 |
19 Dec 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
