Based on the last 12 Existing Home Sales events in United States, GBPUSD could trend upwards later today. Based on these past events there is a 80% chance of this. If the released value is > 5.8M we could see GBPUSD trend upwards 2 hours following the event release at 21 Apr 00:00.

Historical events that allowed us to draw this conclusion

23 Nov 02:00	22 Oct 01:00
24 Aug 00:00	23 Jun 00:00

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