Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 4.4%

Historical events that allowed us to draw this conclusion

09 Aug 09:50	20 May 09:50
10 Aug 09:50

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