GBPUSD could trend downwards later today. Based on these past United States ISM Non-Manufacturing PMI news events there is a 80% chance of this. This could happen only if the released value is < 56.4. The price movement may be as big as 78 pips. Historical events that allowed us to draw this conclusion
05 Apr 14:00 |
03 Mar 15:00 |
06 Jan 15:00 |
06 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
