Based on past United States New Home Sales news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen if the released value is > 0.8M. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

24 Apr 00:00	25 Feb 02:00
26 Nov 02:00	27 Oct 01:00
25 Sep 00:00	25 Jul 00:00

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