80% probability that GBPUSD may trend upwards right now
We expect a $110 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the NAB Business Confidence events in Australia release because the released value is < 8. A price movement of 11 pips is expected.Historical events that allowed us to draw this conclusion12 Jul 01:3014 Jun 01:3010 May 01:3014 Dec 00:30