United States Non Farm Payrolls News Event – a $580 opportunity on GBPUSD

We expect a $580 movement on GBPUSD within 48 hours following the release of Non Farm Payrolls at 04 Jan 13:30. We expect GBPUSD to trend downwards 48 hours following the event release at 04 Jan 13:30 if the released value is < 177K. A price movement of 58 pips is expected.

Historical events that allowed us to draw this conclusion

07 Dec 13:30
05 Oct 13:30
03 Aug 13:30
04 May 13:30
05 Jan 13:30

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

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