 |
We expect a $280 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards 2 hours following the GDP Growth Rate QoQ 2nd Est events in Euro Area release because the released value is = 2.2%. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
17 Aug 19:00 |
18 May 19:00 |
15 May 19:00 |
14 Nov 21:00 |
15 May 19:00 |
14 Feb 21:00 |
14 Nov 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).