Japan Balance of Trade News Event – a possible $170 movement on GBPUSD

Based on the last 12 Balance of Trade events in Japan, we expect a $170 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards for 2 hours because the released value is < ¥-675B Historical events that allowed us to draw this conclusion

15 Sep 23:50
20 Jul 23:50
15 Jun 23:50
16 Mar 23:50
15 Dec 23:50