We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Japan Consumer Confidence news events there is a 71.43% chance of this. We expect this to happen because the released value is < 36.6. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
02 Oct 05:00 |
29 Aug 05:00 |
01 Jul 05:00 |
29 May 05:00 |
02 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
