We expect GBPUSD to trend upwards for the next 48 hours. Based on these past Japan Tankan Large Manufacturers Index news events there is a 80% chance of this. We expect this to happen because the released value is > 12. A price movement of 140 pips is expected.

Historical events that allowed us to draw this conclusion

01 Oct 09:50	01 Apr 10:50
14 Dec 10:50	01 Oct 09:50

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