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We expect GBPUSD to trend downwards today.

Based on the last 12 ISM Manufacturing PMI events in United States, we could expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 01 Jul 14:00 if the released value is > 54.9. A price movement of 57 pips could result.

Historical events that allowed us to draw this conclusion

01 Jun 14:00
01 Mar 15:00
01 Dec 15:00
01 Nov 14:00
01 Sep 14:00

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

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Support line breached by US Treasury Bond SEPTEMBER 2022. This price has been tested at least twice before.

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YM could trend downwards today with a 71.43% chance.

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