We expect a $160 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the GfK Consumer Confidence events in United Kingdom release because the released value is > -42. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
17 Dec 00:01 |
19 Nov 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
