Based on past Japan Balance of Trade news events there is a 80% chance of GBPUSD trending upwards. We expect this to happen if the released value is > ¥-513.6B. A price movement of 149 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jun 23:50 |
16 Apr 23:50 |
22 Jan 23:50 |
17 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
