We expect a $750 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend downwards 4 hours following the ISM Non-Manufacturing PMI events in United States release because the released value is < 56. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion
03 Jun 14:00 |
05 Apr 14:00 |
03 Mar 15:00 |
06 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
