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We expect a $960 movement on GBPUSD within 4 hours following the event release at 03 Oct 12:30.

Based on the last 12 Continuing Jobless Claims events in United States, we expect a $960 movement on GBPUSD within 4 hours following the event release at 03 Oct 12:30. We expect GBPUSD to trend upwards 4 hours following the event release at 03 Oct 12:30 if the released value is < 1645K Historical events that allowed us to draw this conclusion

19 Sep 12:30
12 Sep 12:30
05 Sep 12:30
22 Aug 12:30
08 Aug 12:30
18 Jul 12:30

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

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After testing 106.9500 numerous times, USD/JPY is once again approaching this price point. Can we expect a bearish trend to follow?

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