We expect GBPUSD to trend upwards for the next 4 hours. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > ¥-810.2B. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
20 Feb 23:50 |
23 Jan 23:50 |
19 Jul 23:50 |
17 May 23:50 |
19 Apr 23:50 |
15 Mar 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
