We expect a $430 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the Ivey PMI s.a events in Canada release because the released value is > 54.2. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
05 Oct 14:00 |
07 Sep 14:00 |
06 Apr 14:00 |
06 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
