Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a $380 movement on GBPUSD within the next 12 hours. GBPUSD could trend downwards for the next 12 hours because the released value is < -0.5% Historical events that allowed us to draw this conclusion
17 Jan 07:00 |
22 Nov 07:00 |
19 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
