60 pip movement on GBPUSD expected

Based on the last 12 New Home Sales events in United States, we expect a 60 pip movement on GBPUSD for the next 12 hours. We expect GBPUSD to trend upwards for 12 hours because the released value is > 0.855M

Historical events that allowed us to draw this conclusion

24 Dec 02:00
26 Nov 02:00
27 Oct 01:00
25 Sep 00:00
26 Aug 00:00
25 Jul 00:00
24 Jun 00:00
25 Mar 01:00

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