We expect GBPUSD to trend downwards right now.

Based on the last 12 Retail Sales MoM events in Australia, we expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for the next 48 hours because the released value is < 0.2%. A price movement of 56 pips is expected. Historical events that allowed us to draw this conclusion

04 Jul 01:30

07 Mar 00:30

05 Feb 00:30

03 Sep 01:30

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