We expect a $900 movement on GBPUSD within the next 4 hours.

We expect a $900 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend upwards 4 hours following the ISM Manufacturing PMI events in United States release because the released value is < 51.1. A price movement of 90 pips is expected. Historical events that allowed us to draw this conclusion

01 Aug 14:00

03 Jun 14:00

01 May 14:00

03 Jan 15:00

01 Nov 14:00

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