We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Germany Unemployment Rate news events there is a 85.71% chance of this. We expect this to happen because the released value is = 5.5%. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
31 Aug 07:55 |
29 Jul 07:55 |
31 May 07:55 |
03 May 07:55 |
31 Mar 07:55 |
30 Nov 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
