Based on the last 12 Unemployment Rate events in United Kingdom, we could see a $560 movement on GBPUSD within the next 48 hours. We may see GBPUSD trend upwards for 48 hours because the released value is > 4.3%
Historical events that allowed us to draw this conclusion
11 Jun 06:00 |
16 Apr 06:00 |
12 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
