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There is a 75% chance of GBPUSD trending upwards

Based on the last 12 Balance of Trade events in Germany, GBPUSD may trend upwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > €16.3B

Historical events that allowed us to draw this conclusion

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

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

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