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We expect GBPUSD to trend downwards right now.

Based on past Australia RBA Interest Rate Decision news events there is a 70% chance of GBPUSD trending downwards. We expect this to happen because the released value is = 1.35%. A price movement of 91 pips is expected.

Historical events that allowed us to draw this conclusion

05 Apr 04:30
01 Mar 03:30
07 Dec 03:30
02 Nov 03:30
07 Sep 04:30
06 Jul 04:30
01 Jun 04:30

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

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GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 4 days.

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There is a 70% chance of ES trending downwards

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