Based on the last 12 ISM Manufacturing PMI events in United States, we could see a $710 movement on GBPUSD within the next 12 hours. GBPUSD could trend upwards for the next 12 hours because the released value is < 49.5 Historical events that allowed us to draw this conclusion
01 Dec 15:00 |
01 Nov 14:00 |
01 Aug 14:00 |
01 Jun 14:00 |
03 Apr 14:00 |
01 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
