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There is a 66.67% chance of GI trending upwards

Based on past United Kingdom Balance of Trade news events there is a 66.67% chance of GI trending upwards. We expect this to happen because the released value is < £-2.2B. A price movement of 2,255 pips is expected. Historical events that allowed us to draw this conclusion

10 May 08:30
10 Apr 08:30
12 Mar 09:30
11 Feb 09:30
11 Jan 09:30
10 Dec 09:30

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

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We expect a $650 movement on GBPUSD within the next 2 hours.

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After testing 0.9955 numerous times, USD/CHF has finally broken through. Can we expect a bearish trend to follow?

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