GBPUSD will trend downwards from 08 Apr 07:00

Past performance is not an indicator of future results.
We expect GBPUSD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < €16.5B. A price movement of 26 pips is expected.

Historical events that allowed us to draw this conclusion

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

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

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