GBPUSD will trend downwards right now

Past performance is not an indicator of future results.
We expect GBPUSD to trend downwards for the next 4 hours. Based on these past Germany Balance of Trade news events there is a 80% chance of this. We expect this to happen because the released value is > €14.4B. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jan 07:00

10 Dec 07:00

08 Jun 07:00

08 May 07:00

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

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