Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 100 pip movement on GBPUSD for the next 48 hours. GBPUSD could trend upwards for 48 hours because the released value is < 50.5 Historical events that allowed us to draw this conclusion
01 Nov 14:00 |
03 Sep 14:00 |
01 Jul 14:00 |
03 Jun 14:00 |
01 May 14:00 |
01 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
