Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could see a 124 pip movement on GBPUSD for the next 48 hours. GBPUSD could trend upwards for 48 hours because the released value is < 69.1 Historical events that allowed us to draw this conclusion
12 May 14:00 |
17 Mar 14:00 |
11 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
