Based on the last 12 Retail Sales MoM events in United States, we expect GBPUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards for the next 12 hours because the released value is > 0.3%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jul 12:30 |
18 Apr 12:30 |
15 Nov 13:30 |
15 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
