Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend upwards. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards for 4 hours because the released value is > 52. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

05 Feb 02:00	08 Dec 02:00
08 Oct 01:00	09 Sep 00:00
06 Mar 02:00	06 Feb 02:00

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