We expect a $430 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the Consumer Confidence events in Japan release because the released value is < 31. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion
29 Jul 15:00 |
03 Mar 16:00 |
31 Jan 16:00 |
05 Jan 16:00 |
02 Dec 16:00 |
31 Aug 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).