21 pip movement on GBPUSD expected

Based on the last 12 Employment Change events in Australia, we expect a 21 pip movement on GBPUSD within 2 hours following the event release at 20 May 01:30 UTC. We expect GBPUSD to trend downwards 2 hours following the event release at 20 May 01:30 UTC if the released value is < 15K Historical events that allowed us to draw this conclusion

18 Feb 00:30
14 May 01:30