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We expect a $1260 movement on GBPUSD within the next 12 hours.

We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Japan BoJ Interest Rate Decision news events there is a 83.33% chance of this. We expect this to happen because the released value is = -0.1%. A price movement of 126 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jul 03:00
17 Jun 03:00
28 Apr 03:00
18 Mar 03:00
18 Jan 03:00
17 Dec 03:00
22 Sep 03:00
16 Jul 03:00
18 Jun 03:00
19 Mar 03:00

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

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We expect YM to trend downwards with a 83.33% chance.

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