We could see a $150 movement on GBPUSD within the next 2 hours. GBPUSD could trend downwards 2 hours following the GDP Growth Rate QoQ events in Australia release because the released value is > 0.5%. We may experience a price movement of 15 pips.
Historical events that allowed us to draw this conclusion
02 Mar 00:30 |
01 Sep 01:30 |
02 Jun 01:30 |
02 Dec 00:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
