We expect GBPUSD to trend upwards for the next 12 hours. Based on these past United States Existing Home Sales news events there is a 80% chance of this. We expect this to happen because the released value is < 5.89M. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion

23 Jul 00:00	23 Apr 00:00
23 Mar 01:00	23 Dec 02:00

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