GBPUSD may trend upwards for the next 48 hours. Based on these past United States New Home Sales news events there is a 75% chance of this. Our expectation is based on that fact that the released value is < 0.75M. A price movement of 108 pips could be expected. Historical events that allowed us to draw this conclusion

24 Mar 01:00	25 Feb 02:00
24 Dec 02:00	25 Nov 02:00
27 Jul 00:00	26 May 00:00

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