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We expect GBPUSD to trend downwards for the next 12 hours.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Canada Employment Change news events there is a 71.43% chance of this. We expect this to happen because the released value is > 15K. A price movement of 4 pips is expected.

Historical events that allowed us to draw this conclusion

07 Jun 12:30
10 May 12:30
08 Mar 13:30
08 Feb 13:30
07 Dec 13:30

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

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We expect a $5,727.645 movement on PL within the next 12 hours.

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We expect a 49 pip movement on EURUSD for the next 2 hours.

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