United States Adp Employment Change News Event – a possible $530 movement on GBPUSD

Based on the last 12 Adp Employment Change events in United States, we expect a $530 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards for 2 hours because the released value is < 550K Historical events that allowed us to draw this conclusion

04 Mar 00:15
07 Jan 00:15
03 Dec 00:15
05 Nov 00:15
02 Sep 22:15
06 May 22:15

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