71.43% probability that GBPUSD will trend upwards right now

Past performance is not an indicator of future results.
Based on the last 12 Industrial Production YoY events in Euro Area, we expect GBPUSD to trend upwards for the next 4 hours. Based on these past events there is a 71.43% chance of this. This will happen because the released value is < -3.2%

Historical events that allowed us to draw this conclusion

14 Jan 10:00

14 Aug 10:00

13 Jun 10:00

12 Apr 10:00

14 Mar 10:00

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

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