Based on the last 12 Balance of Trade events in United Kingdom, we expect USDJPY to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect USDJPY to trend upwards for the next 12 hours because the released value is > £ -3.1B. A price movement of 71 pips is expected.
Historical events that allowed us to draw this conclusion
14 Jan 07:00 |
11 Nov 07:00 |
09 Jul 11:00 |
11 Jun 06:00 |
12 May 06:00 |
12 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).