We expect a $310 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the Philadelphia Fed Manufacturing Index events in United States release because the released value is > 10. A price movement of 31 pips is expected.
Historical events that allowed us to draw this conclusion
16 May 12:30 |
21 Mar 12:30 |
18 Oct 12:30 |
20 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
