Based on the last 12 Unemployment Rate events in Australia, we expect GBPUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards for 48 hours because the released value is < 5.3%. A price movement of 158 pips is expected. Historical events that allowed us to draw this conclusion
21 Mar 00:30 |
15 Nov 00:30 |
18 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
