We expect GBPUSD to trend downwards later today. Based on these past Japan BoJ Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = -0.1%. A price movement of 153 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jun 03:00 |
18 Mar 03:00 |
18 Jan 03:00 |
17 Dec 03:00 |
16 Jul 03:00 |
18 Jun 03:00 |
19 Mar 03:00 |
18 Dec 03:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
