Based on the last 12 Balance of Trade events in Japan, we may expect GBPUSD to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because because the released value is > ¥-962.4B. A price movement of 40 pips may be experienced.
Historical events that allowed us to draw this conclusion
15 Nov 23:50 |
18 Oct 23:50 |
19 Jul 23:50 |
17 May 23:50 |
15 Mar 23:50 |
18 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
