Based on the last 12 GDP Growth Rate QoQ 1st Est events in FR, we expect a $400 movement on GBPUSD within the next 4 hours.
We expect GBPUSD to trend down for the next 4 hours because the released value is < 0.5%
Historical events that allowed us to draw this conclusion
27 Jul 05:30 |
27 Apr 05:30 |
28 Oct 05:30 |
29 Jul 05:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
