Based on the last 12 Balance of Trade events in Japan, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 12 hours following the event release at 18 Aug 23:50 if the released value is > ¥-200B. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 23:50 |
18 Jun 23:50 |
16 Apr 23:50 |
17 Oct 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
