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We expect GBPUSD to trend upwards with a 66.67% chance.

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”).

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We expect GF to trend upwards for the next 12 hours.

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