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

Based on past Germany ZEW Economic Sentiment Index news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 12. A price movement of 194 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 10:00
17 Oct 09:00
12 Sep 09:00
13 Jun 09:00
21 Feb 10:00
17 Jan 10:00

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

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Esperamos un movimiento en $3487087 del NIY dentro de 2 después del evento publicado a las 2024-01-16 10:00.

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D’après les 12 derniers événements de Indice Du Sentiment Économique Zew en Allemagne, nous attendons un mouvement de $940 sur GBPUSD pour les 4 heures à venir.

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