United States Existing Home Sales News Event – a possible $260 movement on GBPUSD

Based on the last 12 Existing Home Sales events in United States, we expect a $260 movement on GBPUSD within 2 hours following the event release at 21 May 14:00. We expect GBPUSD to trend upwards 2 hours following the event release at 21 May 14:00 if the released value is > 4.3M

Historical events that allowed us to draw this conclusion

21 Feb 15:00
22 Jan 15:00
21 Aug 14:00
21 Jun 14:00