Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect GBPUSD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for 2 hours because the released value is > 20. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

16 Sep 22:30	15 Apr 22:30
18 Mar 23:30	19 Feb 00:30

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