Based on the last 12 Existing Home Sales events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 12 hours following the event release at 23 Sep 00:00 if the released value is > 5.89M. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

24 Aug 00:00	23 Jun 00:00
23 Jan 02:00	20 Nov 02:00

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