Based on the last 12 Balance of Trade events in Japan, we expect a $760 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards for 48 hours because the released value is < ¥420B Historical events that allowed us to draw this conclusion

23 Jan 10:50	20 Nov 10:50
22 May 09:50

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