Based on the last 12 Consumer Confidence events in Japan, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 2023-05-31 15:00 if the released value is < 36.1. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion

01 Dec 16:00	31 Oct 16:00
30 Sep 15:00	29 Jul 15:00

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