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We expect a $980 movement on GBPUSD within the next 12 hours.

Based on past United States Continuing Jobless Claims news events there is a 85.71% chance of GBPUSD trending downwards. We expect this to happen because the released value is > 1407K. A price movement of 98 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 12:30
21 Jul 12:30
07 Jul 12:30
30 Jun 12:30
16 Jun 12:30
26 May 12:30

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

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