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We expect a $630 movement on GBPUSD within the next 12 hours.

Based on the last 12 Consumer Confidence events in Japan, GBPUSD may trend downwards for the next 12 hours. Based on these past events there is a 71.43% chance of this. This may happen because the released value is > 37.6

Historical events that allowed us to draw this conclusion

01 May 05:00
10 Apr 05:00
31 Jan 05:00
05 Jan 05:00
31 Aug 05:00

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

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We expect a $18604 movement on PL within 48 hours following the event release at 2024-01-31 05:00.

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