We expect GBPUSD to trend downwards right now.

Based on the last 12 Unemployment Rate events in Japan, we expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for the next 48 hours because the released value is < 2.4%. A price movement of 33 pips is expected. Historical events that allowed us to draw this conclusion

29 Oct 23:30

27 Sep 23:30

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