Want to know why GBPUSD is going upwards today?

Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect a $1,140 movement on GBPUSD within 48 hours following the event release at 20 Dec 03:00. We expect GBPUSD to trend upwards 48 hours following the event release at 20 Dec 03:00 if the released value is = -0.1%

Historical events that allowed us to draw this conclusion

31 Oct 03:00
19 Sep 04:00
15 Jun 04:00
09 Mar 03:00
23 Jan 03:00
21 Dec 03:00
31 Oct 03:00
21 Sep 04:00

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

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