Germany Unemployment Rate News Event – a possible $470 movement on GBPUSD

Based on the last 12 Unemployment Rate events in Germany, we expect a $470 movement on GBPUSD within 12 hours following the event release at 02 Mar 19:55. We expect GBPUSD to trend upwards 12 hours following the event release at 02 Mar 19:55 if the released value is < 5.1% Historical events that allowed us to draw this conclusion

01 Feb 19:55
04 Jan 19:55
29 Jul 17:55

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