We expect GBPUSD to trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 80% chance of this. We expect this to happen if the released value is > 0.4%. A price movement of 100 pips is expected.

Historical events that allowed us to draw this conclusion

27 Sep 22:30	27 Jul 22:30
26 Feb 00:30	24 Dec 00:30

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