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We expect a $620 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend upwards 4 hours following the GDP Growth Rate QoQ 2nd Est events in United States release because the released value is < -0.8%. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion
26 May 22:30![]() |
25 Nov 00:30![]() |
27 May 22:30![]() |
26 Nov 00:30![]() |
28 May 22:30![]() |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).