United Kingdom Unemployment Rate News Event – a possible $380 movement on GBPUSD

Based on the last 12 Unemployment Rate events in United Kingdom, we expect a $380 movement on GBPUSD within 2 hours following the event release at 16 Nov 07:00. We expect GBPUSD to trend downwards 2 hours following the event release at 16 Nov 07:00 if the released value is < 4.4% Historical events that allowed us to draw this conclusion

17 Aug 06:00
20 Apr 06:00
23 Mar 07:00
26 Jan 07:00
15 Dec 07:00