80% probability that GBPUSD will trend downwards right now

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect GBPUSD to trend downwards for the next 12 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is < 0.3%

Historical events that allowed us to draw this conclusion

07 Mar 00:30

06 Dec 00:30

07 Dec 00:30

07 Sep 02:30

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

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