We expect a $1700 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards 48 hours following the RBA Interest Rate Decision events in Australia release because the released value is = 2.35%. A price movement of 170 pips is expected.

Historical events that allowed us to draw this conclusion

02 Aug 14:30	05 Jul 14:30
05 Apr 14:30	01 Mar 14:30
07 Dec 14:30	05 Oct 14:30
07 Sep 14:30	03 Aug 14:30

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