Based on the last 12 Employment Change events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 20 May 11:30 if the released value is < 15K. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion

18 Feb 11:30

14 May 11:30

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