Based on the last 12 ISM Manufacturing PMI events in United States, we could see a 54 pip movement on GBPUSD for the next 4 hours. GBPUSD could trend downwards for 4 hours because the released value is > 47
Historical events that allowed us to draw this conclusion
01 May 14:00 |
01 Nov 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
