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 66.67% chance of this. We expect GBPUSD to trend upwards for 2 hours because the released value is > 65. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

08 Apr 00:00	07 Nov 02:00
08 Aug 00:00	08 Jul 00:00

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