Based on past United Kingdom GfK Consumer Confidence news events there is a 80% chance of USDJPY trending downwards. We expect this to happen if the released value is < -8. A price movement of 29 pips is expected.Historical events that allowed us to draw this conclusion
|22 Apr 23:01|
|22 Oct 23:01|
|20 Aug 23:01|
|23 Jul 23:01|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).