We expect a $750 movement on GBPUSD within the next 4 hours.

We expect a $750 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend downwards 4 hours following the ISM Non-Manufacturing PMI events in United States release because the released value is < 56. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion

03 Jun 14:00

05 Apr 14:00

03 Mar 15:00

06 Jan 15:00

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