We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Japan Balance of Trade news events there is a 77.78% chance of this. We expect this to happen because the released value is > ¥ -280.0B. A price movement of 75 pips is expected.
Historical events that allowed us to draw this conclusion
20 Mar 23:50 |
20 Feb 23:50 |
19 Dec 23:50 |
15 Nov 23:50 |
18 Oct 23:50 |
19 Jul 23:50 |
17 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
