We expect a $280 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend upwards 4 hours following the BoJ Interest Rate Decision events in Japan release because the released value is = 0.1%. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
26 Apr 03:00 |
23 Jan 03:00 |
19 Dec 03:00 |
31 Oct 03:00 |
22 Sep 03:00 |
16 Jun 03:00 |
10 Mar 03:00 |
18 Jan 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
