We expect a 176 pip movement on GBPUSD within 48 hours following the event release.

Based on the last 12 Continuing Jobless Claims events in United States, we expect a 176 pip movement on GBPUSD within 48 hours following the event release at 08 Oct 12:30 GMT. We expect GBPUSD to trend upwards 48 hours following the event release at 08 Oct 12:30 GMT if the released value is > 11400K

Historical events that allowed us to draw this conclusion

24 Sep 12:30
27 Aug 12:30

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

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