We expect GBPUSD to trend downwards right now.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect GBPUSD to trend downwards right now. Based on these past events there is a 85.71% chance of this. We expect GBPUSD to trend downwards for the next 48 hours because the released value is < 54.5. A price movement of 110 pips is expected. Historical events that allowed us to draw this conclusion

03 Oct 14:00

05 Aug 14:00

03 Jul 14:00

03 May 14:00

03 Apr 14:00

07 Jan 15:00

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