We expect GBPUSD to trend downwards for the next 4 hours. Based on these past Japan Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > 3.2%. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

20 Sep 09:30	19 Aug 09:30
20 May 09:30	22 Apr 09:30
18 Mar 10:30	24 Dec 10:30

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