We expect a $430 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the Michigan Consumer Sentiment Prel events in United States release because the released value is < 98.5. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion
14 Jun 14:00 |
12 Apr 14:00 |
18 Jan 15:00 |
12 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
