Based on past Japan Consumer Confidence news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 31. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 05:00 |
02 May 05:00 |
01 Oct 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
