Based on the last 12 Balance of Trade events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > ¥529.8B

Historical events that allowed us to draw this conclusion

18 Nov 10:50	19 Aug 09:50
17 Jun 09:50	19 Feb 10:50
18 Dec 10:50

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