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GBPUSD will trend up right now

GBPUSD will trend up right now

We expect GBPUSD to trend up for the next 4 hours. Based on these past DE Balance of Trade news events there is a 85.7% of this.
We expect this to happen because the released value is < € 21.8B. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

07 Sep 06:00
 
07 Aug 06:00
 
09 Jul 06:00
 
09 Apr 06:00
 
08 Feb 07:00
 
08 Dec 07:00
 

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

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