61 pip movement on GBPUSD expected

Based on the last 12 Employment Change events in Australia, we expect a 61 pip movement on GBPUSD for the next 12 hours. We expect GBPUSD to trend downwards for 12 hours because the released value is > -40K

Historical events that allowed us to draw this conclusion

19 Mar 11:30
20 Feb 11:30
23 Jan 11:30
13 Jun 11:30
16 May 11:30
18 Apr 11:30

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