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We expect a $790 movement on GBPUSD within 48 hours following the release of New Home Sales.

Historical events that allowed us to draw this conclusion

25 Sep 14:00
24 Jul 14:00
23 Apr 14:00
14 Mar 14:00
05 Mar 15:00
31 Jan 15:00
28 Nov 15:00

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

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We expect EMD to trend upwards with a 77.78% chance.

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NAS100 is quickly approaching 7994.7500. We expect either a breakout through this line, or a rebound.

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