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We expect GBPUSD to trend downwards with a 75% chance.

Based on the last 12 Unemployment Rate events in Canada, 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 12 hours because the released value is = 5.7%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

05 Jul 12:30
05 Apr 12:30
08 Mar 13:30

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

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We expect a $5,727.645 movement on PL within the next 12 hours.

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We expect a 49 pip movement on EURUSD for the next 2 hours.

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