We expect GBPUSD to trend downwards with a 71.43% chance.

Based on the last 12 New Home Sales events in United States, we expect GBPUSD to trend downwards. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards for 2 hours because the released value is > 0.714M. A price movement of 25 pips is expected.

Historical events that allowed us to draw this conclusion

24 Aug 14:00
23 Apr 14:00
24 Feb 15:00
23 Dec 15:00
24 Sep 14:00

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

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