Based on the last 12 Retail Sales MoM events in Australia, we expect a $110 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards for the next 2 hours because the released value is > 8.2%

Historical events that allowed us to draw this conclusion

03 Apr 11:30	11 Jan 11:30
07 May 11:30

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