We expect GBPUSD to trend downwards for the next 48 hours. Based on these past Japan Consumer Confidence news events there is a 75% chance of this. We expect this to happen because the released value is > 31. A price movement of 136 pips is expected.

Historical events that allowed us to draw this conclusion

31 May 15:00	02 May 15:00
29 Oct 16:00

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