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We expect GBPUSD to trend downwards for the next 12 hours.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past United States Non Farm Payrolls news events there is a 85.71% chance of this. We expect this to happen because the released value is > 130K. A price movement of 137 pips is expected.

Historical events that allowed us to draw this conclusion

02 May 12:30
04 Apr 12:30
10 Jan 13:30
06 Dec 13:30
04 Oct 12:30
07 Jun 12:30

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

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We expect EMD to trend downwards for the next 2 hours.

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