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There is a 80% chance of GBPUSD trending downwards

Based on the last 12 Balance of Trade events in Canada, we could see a 51 pip movement on GBPUSD for the next 2 hours. GBPUSD could trend downwards for 2 hours because the released value is < C$-1.2B Historical events that allowed us to draw this conclusion

02 May 12:30
07 Feb 13:30
09 Jan 13:30
06 Jul 12:30

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

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We expect a 412 pip movement on C for the next 4 hours.

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Important price line breached by AUD/USD. This price has been tested numerous times before.

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