Based on the last 12 Unemployment Rate events in Germany, 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 12 hours because the released value is = 6%. A price movement of 80 pips is expected.

Historical events that allowed us to draw this conclusion

31 Mar 18:55	02 Mar 19:55
05 Jan 19:55

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