Based on the last 12 Consumer Confidence events in Japan, we expect a $670 movement on GBPUSD within 4 hours following the event release at 04 Mar 16:00. We expect GBPUSD to trend downwards 4 hours following the event release at 04 Mar 16:00 if the released value is > 30.8

Historical events that allowed us to draw this conclusion

02 Dec 16:00	31 Aug 15:00
31 Jul 15:00

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