Based on the last 12 Balance of Trade events in United Kingdom, we expect a $650 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards for the next 2 hours because the released value is < £-2.2B Historical events that allowed us to draw this conclusion
10 May 08:30 |
10 Apr 08:30 |
11 Feb 09:30 |
11 Jan 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
