Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect GBPUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards for the next 4 hours because the released value is > 0.5%. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

02 Jun 11:30	02 Dec 11:30
04 Mar 11:30	05 Sep 11:30

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