Based on the last 12 New Home Sales events in United States, we expect GBPUSD to trend downwards. Based on these past events there is a 77.78% chance of this. We expect GBPUSD to trend downwards for 12 hours because the released value is > 0.64M. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

27 May 00:00	24 Apr 00:00
27 Feb 02:00	27 Nov 02:00
25 Oct 01:00	26 Sep 00:00
25 Jul 00:00

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