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 < 39.7. A price movement of 15 pips is expected. Historical events that allowed us to draw this conclusion
09 Apr 05:00 |
29 Sep 05:00 |
30 Aug 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
