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We expect a $300 movement on GBPUSD within the next 2 hours.

Based on past United States Existing Home Sales news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 4.7M. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion

20 Jul 14:00
19 May 14:00
20 Apr 14:00
18 Mar 14:00
22 Dec 15:00

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

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