We expect a $760 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the NAB Business Confidence events in Australia release because the released value is < 2. A price movement of 76 pips is expected. Historical events that allowed us to draw this conclusion

12 Jul 11:30	14 Jun 11:30
10 May 11:30	25 Jan 11:30
13 Jul 11:30

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