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We expect a $0 movement on GBPUSD within 48 hours following the release of BoC Interest Rate Decision.

We expect a $0 movement on GBPUSD within 48 hours following the release of BoC Interest Rate Decision at 04 Sep 14:00. We expect GBPUSD to trend downwards 48 hours following the event release at 04 Sep 14:00 if the released value is = 1.75%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

29 May 14:00
24 Apr 14:00
06 Mar 15:00
24 Oct 14:00
05 Sep 14:00
11 Jul 14:00
18 Apr 14:00
07 Mar 15:00

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

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3m Co. is approaching a support line of a Flag. It has touched this line numerous times in the last 20 days.

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We expect a $0 movement on 6C within 48 hours following the event release at 04 Sep 14:00.

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