We expect a $970 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards 48 hours following the Unemployment Rate events in Germany release because the released value is = 5.5%. A price movement of 97 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 07:55 |
31 Mar 07:55 |
30 Nov 08:55 |
28 Oct 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
