We expect GBPUSD to trend downwards right now.

Based on the last 12 Unemployment Rate events in Australia, we expect GBPUSD to trend downwards right now. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend downwards for the next 48 hours because the released value is < 4.1%. A price movement of 161 pips is expected. Historical events that allowed us to draw this conclusion

20 Jan 00:30

16 Dec 00:30

16 Sep 01:30

19 Aug 01:30

15 Jul 01:30

17 Jun 01:30

18 Mar 00:30

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