We expect GBPUSD to trend downwards later today. Based on these past Japan Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is > ¥-3871.5B. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jan 23:50 |
19 Oct 23:50 |
18 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
