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Based on the last 12 Consumer Confidence events in Japan, we could see a $1,360 movement on GBPUSD within the next 48 hours. GBPUSD could trend downwards for the next 48 hours because the released value is > 33.5
Historical events that allowed us to draw this conclusion
02 May 15:00![]() |
29 Oct 16:00![]() |
30 Jun 15:00![]() |
31 May 15:00![]() |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).