144 pip movement on GBPUSD expected

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect a 144 pip movement on GBPUSD for the next 48 hours. We expect GBPUSD to trend downwards for 48 hours because the released value is > -10

Historical events that allowed us to draw this conclusion

14 Dec 10:50
15 Dec 10:50
02 Oct 10:50
03 Jul 09:50

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