We expect GBPUSD to trend downwards for the next 48 hours.

Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect GBPUSD to trend downwards for the next 48 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > 0.1%

Historical events that allowed us to draw this conclusion

19 May 23:50
09 Aug 23:50
13 Aug 23:50
13 Nov 23:50

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

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