We expect GBPUSD to trend upwards for the next 4 hours. Based on these past Euro Area Industrial Production YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is < 0.4%. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
15 Mar 10:00 |
12 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
