Based on the last 12 Inflation Rate YoY events in Japan, we could see a $940 movement on GBPUSD within the next 48 hours. We may see GBPUSD trend upwards for 48 hours because the released value is > 2.1%
Historical events that allowed us to draw this conclusion
21 Dec 23:30 |
23 Nov 23:30 |
17 Aug 23:30 |
18 May 23:30 |
23 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
