Based on the last 12 Balance of Trade events in United Kingdom, we expect a $300 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend upwards for 12 hours because the released value is < £-3.7B Historical events that allowed us to draw this conclusion
13 Oct 06:00 |
10 Sep 06:00 |
13 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
