Based on the last 12 Balance of Trade events in Japan, we expect a $830 movement on GBPUSD within 12 hours following the event release at 2023-01-18 23:50. We expect GBPUSD to trend upwards 12 hours following the event release at 2023-01-18 23:50 if the released value is > ¥-1652.8B
Historical events that allowed us to draw this conclusion
19 Oct 23:50 |
18 May 23:50 |
19 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
