We expect a $890 movement on GBPUSD within 2 hours following the release of Non Farm Payrolls at 2024-12-06 13:30. We expect GBPUSD to trend downwards 2 hours following the event release at 2024-12-06 13:30 if the released value is > 200K. A price movement of 89 pips is expected.
Historical events that allowed us to draw this conclusion
04 Oct 12:30 |
05 Jul 12:30 |
07 Jun 12:30 |
05 Apr 12:30 |
02 Feb 13:30 |
08 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
