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We expect GBPUSD to trend downwards for the next 12 hours.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Canada Ivey PMI s.a news events there is a 66.67% chance of this. We expect this to happen because the released value is > 53. A price movement of 3 pips is expected.

Historical events that allowed us to draw this conclusion

04 Apr 14:00
07 Jan 15:00
07 Nov 15:00
07 Sep 14:00

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

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