18 pip movement on GBPUSD expected

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Germany, we expect a 18 pip movement on GBPUSD for the next 4 hours. We expect GBPUSD to trend upwards for 4 hours because the released value is < €15.1B

Historical events that allowed us to draw this conclusion

07 Sep 07:00
07 Aug 07:00
09 Jul 07:00
09 Apr 07:00
08 Feb 07:00

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

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