Based on the last 12 ISM Manufacturing PMI events in United States, GBPUSD could experience an downwards trend. Based on these past events there is a 75% chance of this, and the trend could last 4 hours because the released value is < 49. Historical events that allowed us to draw this conclusion
01 Aug 14:00 |
03 Jul 14:00 |
03 Apr 14:00 |
01 Mar 15:00 |
01 Feb 15:00 |
01 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
