Based on the last 12 ISM Manufacturing PMI events in United States, we could see a $430 movement on GBPUSD within the next 4 hours. GBPUSD could trend upwards for the next 4 hours because the released value is > 49
Historical events that allowed us to draw this conclusion
01 Jul 14:00 |
03 Feb 15:00 |
03 Jan 15:00 |
02 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
