GBPUSD will trend upwards right now

Past performance is not an indicator of future results.
We expect GBPUSD to trend upwards for the next 48 hours. Based on these past Euro Area GDP Growth Rate QoQ Flash news events there is a 75% chance of this. We expect this to happen because the released value is = 0.2%. A price movement of 63 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jan 10:00

31 Oct 10:00

01 Aug 10:00

03 May 10:00

31 Oct 10:00

29 Jul 10:00

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

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