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We expect a 128 pip movement on GBPUSD for the next 12 hours.

We expect a $1280 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the Non Farm Payrolls events in United States release because the released value is > 190K. A price movement of 128 pips is expected.

Historical events that allowed us to draw this conclusion

07 Jun 12:30
05 Apr 12:30
08 Mar 13:30
02 Feb 13:30
08 Dec 13:30
01 Sep 12:30

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

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