Based on the last 12 Unemployment Rate events in Japan, we expect a 106 pip movement on GBPUSD within 12 hours following the event release at 2022-11-28 23:30. We expect GBPUSD to trend downwards 12 hours following the event release at 2022-11-28 23:30 if the released value is > 2.5%
Historical events that allowed us to draw this conclusion
27 Oct 23:30 |
28 Jul 23:30 |
30 Jun 23:30 |
03 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
