Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Japan, we expect a $160 movement on GBPUSD within the next 4 hours. We expect GBPUSD to trend downwards for 4 hours because the released value is > ¥310.2B
Historical events that allowed us to draw this conclusion
18 Oct 00:50 |
19 Sep 00:50 |
21 May 00:50 |
18 Mar 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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