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We expect GBPUSD to trend downwards today with a 80% chance.

Based on the last 12 Continuing Jobless Claims events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This will happen if the released value is > 1690K

Historical events that allowed us to draw this conclusion

11 Jul 12:30
03 Jul 12:30
27 Jun 12:30
13 Jun 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 the support line numerous times, UK100 is once again approaching this line. Can we expect a bearish trend to follow?

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Be very careful of upcoming volatility. We expect a $215.893 movement on USDCHF.

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