Based on the last 12 Balance of Trade events in Germany, we expect a $1,450 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards for 48 hours because the released value is < €17.6B Historical events that allowed us to draw this conclusion

09 Dec 18:00	08 Sep 16:00
09 Jun 16:00	09 Jan 18:00

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