Based on the last 12 Consumer Confidence events in Japan, a $200 movement could occur on GBPUSD within 2 hours following the event release at 31 May 05:00. We expect GBPUSD to trend upwards 2 hours following the event release at 31 May 05:00 if the released value is < 33.5 Historical events that allowed us to draw this conclusion
03 Mar 05:00 |
31 Jan 05:00 |
05 Jan 05:00 |
02 Dec 05:00 |
31 Aug 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
