United States Durable Goods Orders ex Tansp MoM News Event – a $830 opportunity on GBPUSD

We expect a $830 movement on GBPUSD within 48 hours following the release of Durable Goods Orders ex Tansp MoM at 21 Nov 13:30. We expect GBPUSD to trend downwards 48 hours following the event release at 21 Nov 13:30 if the released value is < 0.4%. A price movement of 83 pips is expected.

Historical events that allowed us to draw this conclusion

25 Oct 13:30

27 Sep 13:30

26 Jul 13:30

27 Jun 13:30

26 Apr 13:30

27 Feb 13:30

22 Dec 13:30

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

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