Based on the last 12 Balance of Trade events in Australia, we expect a 38 pip movement on GBPUSD for the next 12 hours. We expect GBPUSD to trend downwards for 12 hours because the released value is < A$10.6B Historical events that allowed us to draw this conclusion

01 Jul 11:30	04 May 11:30
07 Jan 11:30

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