We expect a $260 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards 2 hours following the Balance of Trade events in Australia release because the released value is > A$14.5B. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 01:30 |
02 Jun 01:30 |
05 May 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
04 Nov 00:30 |
05 Oct 00:30 |