We expect GBPUSD to trend downwards for the next 12 hours. Based on these past United States Continuing Jobless Claims news events there is a 80% chance of this. We expect this to happen because the released value is > 1327K. A price movement of 98 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jun 12:30 |
16 Jun 12:30 |
26 May 12:30 |
28 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
