Based on the last 12 Continuing Jobless Claims events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 72.73% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 12 Mar 00:30 if the released value is < 4220K. A price movement of 425 pips is expected. Historical events that allowed us to draw this conclusion

05 Mar 00:30	26 Feb 00:30
22 Jan 00:30	15 Jan 00:30
08 Jan 00:30	01 Jan 00:30
24 Dec 00:30	18 Dec 00:30

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