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Based on the last 12 BoJ Interest Rate Decision events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 18 Jan 14:00 if the released value is = -0.1%. A price movement of 155 pips is expected.
Historical events that allowed us to draw this conclusion
17 Dec 14:00 |
16 Jul 13:00 |
18 Jun 13:00 |
19 Mar 14:00 |
18 Dec 14:45 |
29 Oct 14:00 |
15 Jul 13:00 |
16 Jun 12:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).