We expect GBPUSD to trend downwards with a 71.43% chance.

Based on the last 12 Inflation Rate YoY events in Japan, we expect GBPUSD to trend downwards. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards for 4 hours because the released value is < -0.1%. A price movement of 37 pips is expected.Historical events that allowed us to draw this conclusion

19 Aug 23:30
20 May 23:30
21 Jan 23:30
17 Dec 23:30
22 Oct 23:30

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

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