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We expect GBPUSD to trend upwards for the next 12 hours.

Based on the last 12 Balance of Trade events in Germany, we could see a $1750 movement on GBPUSD within the next 12 hours. We may see GBPUSD trend upwards for 12 hours because the released value is > €18.8B

Historical events that allowed us to draw this conclusion

08 Jan 07:00
03 Nov 07:00
05 Oct 06:00
03 Aug 06:00
05 Jun 06:00
04 May 06:00
03 Mar 07:00

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

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We expect GC to trend downwards today with a 70% chance.

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