We expect a $980 movement on GBPUSD within the next 12 hours.

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $980 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards for 12 hours because the released value is = -0.1%

Historical events that allowed us to draw this conclusion

16 Jun 02:45
22 May 03:00
16 Mar 05:00
19 Dec 03:00
30 Jul 03:00
25 Apr 03:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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