We expect a $640 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend upwards 48 hours following the GDP Growth Rate QoQ events in Switzerland release because the released value is < 0.4%. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion
26 Nov 08:00 |
02 Sep 07:00 |
03 Jun 05:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
