Based on the last 12 Consumer Confidence events in Japan, GBPUSD could experience an downwards trend. Based on these past events there is a 66.67% chance of this, and the trend could last 12 hours because the released value is > 38.3.
Historical events that allowed us to draw this conclusion
01 May 05:00 |
10 Apr 05:00 |
31 Jan 05:00 |
05 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
