Based on the last 12 Balance of Trade events in Japan, we expect a 17 pip movement on GBPUSD for the next 2 hours. We expect GBPUSD to trend downwards for 2 hours because the released value is < ¥-519.2B Historical events that allowed us to draw this conclusion

15 Sep 23:50

20 Jul 23:50

15 Jun 23:50

16 Mar 23:50

15 Dec 23:50