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

Based on the last 12 ISM Manufacturing PMI events in United States, we could see a $1950 movement on GBPUSD within the next 48 hours. GBPUSD could trend upwards for the next 48 hours because the released value is < 49.1 Historical events that allowed us to draw this conclusion

03 Jun 14:00
01 May 14:00
01 Mar 15:00
01 Nov 14:00
03 Jul 14:00

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

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If you’re short AUD/USD you should be aware of the rapidly approaching level of 0.6689

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