We expect GBPUSD to trend upwards later today. Based on these past Japan GDP Growth Rate QoQ Prel news events there is a 71.43% chance of this. We expect this to happen if the released value is < 0.5%. A price movement of 110 pips is expected. Historical events that allowed us to draw this conclusion
14 Nov 23:50 |
14 Feb 23:50 |
14 Nov 23:50 |
17 May 23:50 |
16 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
