We expect a $1100 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend upwards 48 hours following the Existing Home Sales events in United States release because the released value is < 4.89M. A price movement of 110 pips is expected. Historical events that allowed us to draw this conclusion

21 Jul 00:00	20 May 00:00
19 Mar 01:00	23 Dec 02:00
23 Sep 00:00

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