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We expect GBPUSD to trend upwards right now.

Based on the last 12 NAB Business Confidence events in Australia, we could see a $120 movement on GBPUSD within the next 2 hours. We may see GBPUSD trend upwards for 2 hours because the released value is > -5

Historical events that allowed us to draw this conclusion

12 Mar 00:30
23 Jan 00:30
12 Sep 01:30
08 Aug 01:30
11 Jul 01:30

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

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