Based on the last 12 Balance of Trade events in Japan, we expect a 11 pip movement on GBPUSD for the next 2 hours. We expect GBPUSD to trend upwards for 2 hours because the released value is < ¥-200B Historical events that allowed us to draw this conclusion
21 May 23:50 |
19 Feb 23:50 |
18 Dec 23:50 |
18 Nov 23:50 |
15 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
