Based on the last 12 Retail Sales MoM events in United States, we expect GBPUSD to trend downwards. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards for 4 hours because the released value is > 0.2%. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
16 Jul 12:30 |
18 Apr 12:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
