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We expect a 56 pip movement on GBPUSD for the next 12 hours.

Based on the last 12 Balance of Trade events in Germany, we expect a 56 pip movement on GBPUSD for the next 12 hours. We expect GBPUSD to trend upwards for 12 hours because the released value is > €16.6B

Historical events that allowed us to draw this conclusion

07 Jun 06:00
10 May 06:00
08 Apr 06:00
11 Mar 07:00
09 Jan 07:00

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

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