We expect a 100 pip movement on GBPUSD within 48 hours following the event release.

Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect a 100 pip movement on GBPUSD within 48 hours following the event release at 08 Aug 23:50 UTC. We expect GBPUSD to trend upwards 48 hours following the event release at 08 Aug 23:50 UTC if the released value is < 0.1%Historical events that allowed us to draw this conclusion

13 Feb 23:50
15 May 23:50
13 Feb 23:50
14 Aug 23:50

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

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