GBPUSD may trend upwards right now

GBPUSD may trend upwards for the next 4 hours. Based on these past United States GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. Our expectation is based on that fact that the released value is < -1.3%. A price movement of 62 pips could be expected. Historical events that allowed us to draw this conclusion

25 Nov 00:30
27 May 22:30
26 Nov 00:30
28 May 22:30

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