We expect GBPUSD to trend downwards for the next 2 hours. Based on these past Japan Tankan Large Manufacturers Index news events there is a 83.33% chance of this. We expect this to happen because the released value is < 11. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 09:50	13 Dec 10:50
01 Jul 09:50	01 Oct 09:50
01 Jul 09:50

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