We expect a $210 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend downwards 4 hours following the NAB Business Confidence events in Australia release because the released value is > -3. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

05 Oct 11:30	08 Sep 11:30
09 Jun 11:30	12 Nov 11:30

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