87.5% probability that GBPUSD may trend downwards

Based on the last 12 Employment Change events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is > 15K

Historical events that allowed us to draw this conclusion

15 Apr 11:30
18 Mar 11:30
19 Nov 11:30
15 Oct 11:30
17 Sep 11:30
13 Aug 11:30
16 Jul 11:30

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